Property and contract in economics : the case for economic democracy

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書誌事項

Property and contract in economics : the case for economic democracy

David P. Ellerman

Blackwell, 1992

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注記

Includes bibliographical references (p. [261]-268) and index

内容説明・目次

内容説明

This book argues that the recently deceased Capitalism-Socialism debate was wrong-headed from the beginning - like a 'debate' over private or public ownership of slaves. The question was not private or public slavery, but slavery versus self-ownership. Similarly, this book argues that the question is not whether people should be private employees (capitalism) or public employees (socialism) but whether people should be hired or rented as employees at all versus always being jointly self-employed as employee-owned companies. Being a genuine work of political economy, the book re-examines the basic principles of private property and contract to obtain results at odds with the employer-employee relation and in favour of universal self-employment or economic democracy. Joint self-employment in the firm is the economic version of joint self-determination or political democracy in society. Private property should be based on people getting the fruits of their labor, but that only happens under joint self-employment. Market contracts should only apply to what can be transferred, but a person's labor is not really transferable (as we easily recognize for hired criminals). This book traces these ideas - the labor theory of property and the notion of inalienable rights - from ancient Stoics through the Reformation and Enlightenment, and restates the ideas in modern terms with critical applications to economic theory.

目次

Introduction Part I: Property 1. The Fundamental Myth of Capitalist Property Rights 2. The Appropriation of Property Rights 3. The Labor Theory of Property 4. Labor Theory of Property: Intellectual History 5. Misinterpretations of the Labor Theory of Property Part II: Contract 6. The Employer-Employee Relationship 7. Non-Democratic Liberalism: The Hidden Intellectual History of Capitalism 8. Contracts and Inalienable Rights 9. An Intellectual History of Inalienable Rights Theory 10. Misinterpretations of the De Facto Theory of Inalienable Rights Part III: Property and Contract in Economics 11. Property Fallacies in Economics 12. Marginal Productivity Theory 13. Marxian Value Theory, MP Theory, and the Labor Theory of Property 14. Fundamental Theorem of Property Theory 15. Conclusions Bibliography.

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