Suchergebnisse

A broken system -- Defining the economy for the common good -- The democratic bank -- Property -- Motivation and meaning -- Advancing democracy -- Real world examples -- Putting it into practice -- Appendices: Frequently asked questions ; Facts, figures and a twenty-point summary.

"A general equilibrium model of optimal employment contracts is developed where firms have better information about labor's marginal product than workers. It is optimal for the wage to be tied to the level of employment, to prevent the firm from falsely stating that the marginal product is low and cutting the wage. It is shown that an observed aggregate shock that leads to an interindustry shift in labor demand and that would have no effect on total employment under symmetric information leads to a reduction in employment when firms and workers have asymmetric information." (Author's abstract) ((en))

Intro; Table of Contents; In Memoriam: Kenneth Joseph Arrow (1921-2017); Foreword, by Robert M. Solow; Preface; Random Thoughts on "Birth and Death," by Kenneth J. Arrow; Birth and Death: Arrow Lecture; 1. Economic Demography; 2. Utilitarian Ethics; 3. Ends and Means; 4. Synopsis; Part I: Foundations; 5. Genesis Under Total Utilitarianism; 6. Death; 7. A Problem Like Sleeping Beauty; 8. Generation-Centered Prerogatives in the Timeless World; 9. Generations Across the Indefinite Future; Part II: Applications; 10. The Biosphere as a Renewable Natural Resource