【公共经济学】 Employers’ Economics versus Employees’ Economy (2017)

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Employers’ Economics versus Employees’ Economy
How Adam Smith’s Legacy Obscures Public Investment in the Private Sector

Authors: John F. M. McDermott



Fuses theoretical and mathematical objections to enforcing Adam Smith's economic models

Demonstrates how public investment vastly outweighs private investment in the US

Argues that “the private sector” is an ideological construct

Describes how contemporary economics pitches employers against employees

Proposes that continuing economic learning will lead to expanding economic democracy

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.

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关键词：Employees Economics Employers Employee Economic learning Investment investment employees economic

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