It is argued that the local investment strategy proposed by Best in Local Economy 1 is incapable of creating jobs in the way that it claims, and that it tends to perpetuate and create divisions and inequalities within the workforce. Instead local investment strategies need to be centred, not on...

"Sayer (1995) has argued that the division of labour has a structure that is distinct from capitalist relations of production, and, following Hayek, that it is determined most strongly by the use of knowledge by enterprises. Conscious coordination or alteration of the division of labour...