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Advances In The Economic Analysis Of Participatory And Labormanaged Firms (Advances In The Economic Analysis Of Participatory &,Used
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Product Description With the financial crisis and Great Recession, some economists have begun to question the orthodox approach to production and capital/labor relations over the last two to three decades. This orthodoxy has been thrown into question due to concerns of poor corporate decisionmaking, corporate capture of regulators, perceived rewards for failure, and uneven productivity growth. But a new spirit of introspection and doubt about orthodox approaches has created some impetus leading to greater interest in themes, such as worker ownership, sharing rewards, cooperatives, and employee involvement practices which feature heavily in the 'Advances in the Economic Analysis of Participatory and LaborManaged Firms' series. This 'new spirit' is apparent for all to see in the 12 contributions to this volume of 'Advances' which cover cooperatives, effects of worker participation on firm performance, the diffusion of high involvement management practices, and outcomes for workers (i.e., job satisfaction and wages). About the Author Alex Bryson National Institute of Economic and Social Research, London
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