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- Title
Labour as Entrepreneurial Input: An Essay in the Theory of the Producer Co-operative Economy.
- Authors
Dubravcic, Dinko
- Abstract
This article looks into the significance of labor as an entrepreneurial input in the so-called Co-opian framework. Furthermore, two types of co-operative are compared and differentiated wherein: (1) the producer co-operative centers on the production; and (2) capitalist co-operative centers on the capital. It is worthwhile that the mechanism of the behavior of the two types of cooperative will facilitate the more substantial confrontation of labor and capital suppliers in the role of institutional entrepreneurs. Moreover, the article emphasizes the terminology that is part of the main endeavor to demonstrate a certain symmetry in the mutual relations of both co-operatives as well as in their joint relations to the orthodox profit-maximizing enterprises. Observable consequences of indivisibility and heterogeneity in the supply and employment are listed and considered. Finally, it can be considered that: (1) the concept of a certain symmetry of behavior of both co-operatives based on ratio form of the respective maximands can serve the purpose of studying both types; and (2) differences in the supply and employment properties of labor and capital can overshadow the technical conclusions derived from the pure model.
- Subjects
ENTREPRENEURSHIP; COOPERATIVE societies; LABOR; CAPITAL; ECONOMICS; BUSINESS enterprises
- Publication
Economica, 1970, Vol 37, Issue 147, p297
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2551976