EAN: 9783319501482

EMPLOYERS ECONOMICS VERSUS EMPLOYEES ECONOMY - ...

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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