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.
A Theory of Employment in Firms: Macroeconomic Equilibrium and Internal Organization of Work (Contributions to Economics) book
A Theory of Employment in Firms: Macroeconomic Equilibrium and Internal Organization of Work (Contributions to Economics) reviews
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