Examining the relationship between employment and rates of pay, this book discusses how the choice between different forms of business organization may affect this relationship. For the purposes of the discussion a simple model of an imperfectly competitive economy is constructed and then...

I. The assumptions -- II. The consumption-indifference map and the trade-indifference map -- III. The free trade equilibrium with a zero balance of trade -- IV. The case of constant costs -- V. The case of decreasing costs -- VI. The representation of commercial policy with a zero balance of...

I. Economic efficiency and distributional justice -- II. The present position in the developed countries -- III. The trade union state -- IV. The welfare state -- V. A property-owning democracy -- VI. A socialist state -- VII. Conclusion.