In a modern economy, production and competition require internal interaction of individuals in firms. The book provides a systematic treatment of the macroeconomic consequenses of this fact. For this purpose the concept of a two-stage monopolistic competition equilibrium is introduced into macroeconomic theory. Firms choose the capacity to organize internal interaction at stage 1 and compete at stage 2. The concept allows a rigorous analysis of the provision of work places and the economic determinants of the employable work force. The book explains why in the equilibrium of a market economy, even under flexible wages, no jobs may be provided for people who are employable from an efficiency point of view. The economic determinants of equilibrium employment covered by the analysis of the book are: New forms of work organization, changes in the skill structure of the labor force, market power of key factors for organization, expectations of investors and international capital movements.
A Theory of Employment in Firms
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Inside This Book
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First Sentence:
An observer of current trends may be left with the impression that the success of the winners is all what economics is about. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
low interactive abilities, macroeconomic activity level, reorganization equilibrium, underbid wages, organizing production work, new organization technology, equilibrium provision, reorganization technology, aggregate employment levels, organized work place, less able workers, equilibrium accumulation, production work places, ployment equilibrium, provided work places, relative wage rigidity, conomic variables, monopolistic competition equilibrium, shareholder orientation, exogenous expectations, organized employment, closed equilibrium, more work places, equilibrium employment, macroeconomic equilibrium Key Phrases - Capitalized Phrases (CAPs): (learn more)
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
An observer of current trends may be left with the impression that the success of the winners is all what economics is about. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
low interactive abilities, macroeconomic activity level, reorganization equilibrium, underbid wages, organizing production work, new organization technology, equilibrium provision, reorganization technology, aggregate employment levels, organized work place, less able workers, equilibrium accumulation, production work places, ployment equilibrium, provided work places, relative wage rigidity, conomic variables, monopolistic competition equilibrium, shareholder orientation, exogenous expectations, organized employment, closed equilibrium, more work places, equilibrium employment, macroeconomic equilibrium Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 14
books:
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21
books
cite this book:
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- Spatial Knowledge Spillovers and the Dynamics of Agglomeration and Regional Growth by Max C. Keilbach in Back Matter
- Collected Writings (Collected works of Keynes) (v. 7) by John Maynard Keynes in Back Matter
- Wages and the Euro (Contributions to Economics) by Gustav A. Horn in Front Matter
- International Economics (Cambridge Economic Handbooks) by Sir Roy Harrod in Back Matter
- The Costs of Road Infrastructure and Congestion in Europe (Contributions to Economics) by Heike Link in Front Matter
See all 14 books this book cites
- The Role of Financial Markets in the Transition Process (Contributions to Economics) by Emilio Colombo in Back Matter
- Essays on Microeconomics and Industrial Organisation (Contributions to Economics) by Pablo Coto-Millán in Front Matter
- Agent-Based Computational Modelling: Applications in Demography, Social, Economic and Environmental Sciences (Contributions to Economics) by Francesco C. Billari in Front Matter
- Locational Preferences of Entrepreneurs by W.J. Meester in Front Matter
- The Economics of Online Markets and ICT Networks (Contributions to Economics) by Russel Cooper in Front Matter
See all 21 books citing this book
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