Worker Satisfaction and Economic Performance: Microfoundations of Success and Failure / Edition 1

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Overview

Using both theoretical analysis and practical examples, Altman (economics, University of Saskatchewan) attacks the orthodoxy of free market economics, disputing its articles of faith concerning the inverse relationship between wages and profits, the inevitable erosion of discrimination and inequality, the interference of anti- trust laws with competition, and the impact of minimum wage laws and labor unions. Altman emphasizes the agency of workers, and the eventual impact of worker satisfaction (or dissatisfaction) on the economic performance of the company. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780765605917
  • Publisher: Sharpe, M. E. Inc.
  • Publication date: 7/25/2001
  • Edition description: First
  • Edition number: 1
  • Pages: 320
  • Product dimensions: 6.38 (w) x 9.40 (h) x 0.99 (d)

Table of Contents

Foreword
Acknowledgments
1 Introduction: Revising the Microfoundations of Economics 3
2 Human Agency as a Determinant of Material Welfare 26
3 The Methodology of Economics and the Survival Principle Revised 50
4 A Behavioral Theory of Economic Welfare and Economic Justice 69
5 The Economics of Exogenous Increases in Wage Rates in a Behavioral/X-Efficiency Model of the Firm 103
6 A Behavioral Model of Endogenous Economic Growth 119
7 Interfirm, Interregional, and International Differences in Labor Productivity: Why Convergence Need Not Take Place 137
8 The Economics of Profitable Inefficiency and Market Failure: A Behavioral Model of Path Dependency 150
9 Economic Theory, Public Policy, and the Challenge of Innovative Work Practices 170
10 The Efficiency- and Welfare-Promoting Role of Labor Rights and Labor Power in a Market Economy 182
11 A Revisionist View of the Economic Implications of Child Labor Regulations 199
12 How Discriminatory Pay Inequality Can Persist: Even in Competitive Markets 216
13 When Green Isn't Mean: The Economics of Environmental Regulations 230
14 Big Is Not Always Better: A Critical Appraisal of the Transaction Cost-Economizing Paradigm 247
15 Culture as a Determinant of Material Welfare 260
References 271
Index 289
About the Author 299
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