Employers’ Economics versus Employees’ Economy

How Adam Smith’s Legacy Obscures Public Investment in the Private Sector

Business & Finance, Economics, Public Finance, Career Planning & Job Hunting, Labor
Cover of the book Employers’ Economics versus Employees’ Economy by John F. M. McDermott, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: John F. M. McDermott ISBN: 9783319501499
Publisher: Springer International Publishing Publication: January 23, 2017
Imprint: Palgrave Macmillan Language: English
Author: John F. M. McDermott
ISBN: 9783319501499
Publisher: Springer International Publishing
Publication: January 23, 2017
Imprint: Palgrave Macmillan
Language: English

This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith's widely used "merchant's model" assumes that most investment is private, when in fact research demonstrates that public investment in the workforce through education and training far outweighs the private sector, and does not account for the growing presence of consensual pricing, the diversification of modern businesses, or the increasing internal authoritarianism of globalizing companies. With de facto public support for these adaptations undermining the universally presumed economic model, private corporations are able to increase their profits while misrepresenting the investment of their own global labor forces. This book suggests an "economy of laws" solution that balances the needed degree of central investment planning with the continuation of our pluralist economy of largely autonomous firms, principally by extending the full rights of citizens into the workplace itself.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith's widely used "merchant's model" assumes that most investment is private, when in fact research demonstrates that public investment in the workforce through education and training far outweighs the private sector, and does not account for the growing presence of consensual pricing, the diversification of modern businesses, or the increasing internal authoritarianism of globalizing companies. With de facto public support for these adaptations undermining the universally presumed economic model, private corporations are able to increase their profits while misrepresenting the investment of their own global labor forces. This book suggests an "economy of laws" solution that balances the needed degree of central investment planning with the continuation of our pluralist economy of largely autonomous firms, principally by extending the full rights of citizens into the workplace itself.

More books from Springer International Publishing

Cover of the book Chinese Banking Reform by John F. M. McDermott
Cover of the book Wireless Sensor Networks for Structural Health Monitoring by John F. M. McDermott
Cover of the book Ultrafast Dynamics Driven by Intense Light Pulses by John F. M. McDermott
Cover of the book Estuarine Morphodynamics of the Sunderbans by John F. M. McDermott
Cover of the book Dynamic Paleontology by John F. M. McDermott
Cover of the book Future Internet Testing by John F. M. McDermott
Cover of the book Ternary Networks by John F. M. McDermott
Cover of the book Foot Patrol by John F. M. McDermott
Cover of the book High Tech Concrete: Where Technology and Engineering Meet by John F. M. McDermott
Cover of the book Linguistic and Psycholinguistic Approaches on Implicatures and Presuppositions by John F. M. McDermott
Cover of the book Automated Reasoning by John F. M. McDermott
Cover of the book Reflections on Qualitative Research in Language and Literacy Education by John F. M. McDermott
Cover of the book Illustrative Handbook of General Surgery by John F. M. McDermott
Cover of the book Transport of Energetic Electrons in Solids by John F. M. McDermott
Cover of the book Professional Identities in Initial Teacher Education by John F. M. McDermott
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy