DIVISION OF LABOUR AND STRUCTURE OF THE ENTERPRISE
... The team is responsible for the subassembly they are constructing, this meaning that the team coordinators define the tasks and set the time necessary. In order to absorb the fluctuations of the demand it is required a polyvalency of operations as well as an autonomy of the fundamental organization. ...
... The team is responsible for the subassembly they are constructing, this meaning that the team coordinators define the tasks and set the time necessary. In order to absorb the fluctuations of the demand it is required a polyvalency of operations as well as an autonomy of the fundamental organization. ...
Marxist economics MARXISM IS COMPLICATED by the fact that
... Today, modern production is concentrated in the hands of giant companies. Unilever, ICI, Fords, British Petroleum, are some examples of the firms which dominate our lives. Although it is true that small businesses do exist, they really represent the production of the past and not the present. Modern ...
... Today, modern production is concentrated in the hands of giant companies. Unilever, ICI, Fords, British Petroleum, are some examples of the firms which dominate our lives. Although it is true that small businesses do exist, they really represent the production of the past and not the present. Modern ...
Theories of Distribution
... • Interest is a premium paid on capital that is borrowed • Interest is price paid for a loan – Prof Benham • In economic interest does not refer to the total amount paid by a borrower, but to that part of his payment which can be attributed to the use of capital only, ad for nothing else. ...
... • Interest is a premium paid on capital that is borrowed • Interest is price paid for a loan – Prof Benham • In economic interest does not refer to the total amount paid by a borrower, but to that part of his payment which can be attributed to the use of capital only, ad for nothing else. ...
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... a threatening slide towards poverty and ultimately destitution. In other words, decent work is a political choice in which employment, income and social protection can be achieved without compromising rights at work. These rights fundamentally confer workers with the right to freedom of expression a ...
... a threatening slide towards poverty and ultimately destitution. In other words, decent work is a political choice in which employment, income and social protection can be achieved without compromising rights at work. These rights fundamentally confer workers with the right to freedom of expression a ...
John Milios
... simply the role of the measure of value, of ‘money’, for the first commodity. The value of the relative (‘A’) is being expressed exclusively in units of the equivalent (‘B’). The value of the latter cannot be expressed; it does not exist in the world of tangible reality. The relation of general exch ...
... simply the role of the measure of value, of ‘money’, for the first commodity. The value of the relative (‘A’) is being expressed exclusively in units of the equivalent (‘B’). The value of the latter cannot be expressed; it does not exist in the world of tangible reality. The relation of general exch ...
The `Marginal Revolution` in Economics against the Labour Theory
... Distribution, 1889”] (cf. Marx’s “falling rate of profit”) has to be countered. Employers do it through the absolute and relative lengthening of the working day and constant technological development, constant centralization with big capitals swallowing the smaller ones, and concentration via measu ...
... Distribution, 1889”] (cf. Marx’s “falling rate of profit”) has to be countered. Employers do it through the absolute and relative lengthening of the working day and constant technological development, constant centralization with big capitals swallowing the smaller ones, and concentration via measu ...
Tugan-Baranovsky, Mikhail Ivanovich (1865–1919)
... considered that the marginalists ignored ‘the objective conditions of production’, while Marxists failed to recognize that not only objective factors but also subjective valuations were an integral part of a theory of value. He argued that Marx confused value (Wert) with cost (Kosten). He basically ...
... considered that the marginalists ignored ‘the objective conditions of production’, while Marxists failed to recognize that not only objective factors but also subjective valuations were an integral part of a theory of value. He argued that Marx confused value (Wert) with cost (Kosten). He basically ...