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Markets and democracy : participation, accountability and efficiency / ed. Samuel Bowles, Herbet Gintis, Bo Gustafsson

Secondary Author Bowles, Samuel
Gintis, Herbert, 1940-
Gustafsson, Bo
Country Reino Unido. Publication Cambridge : Cambridge University Press, imp. 1998 Description XVIII, 340 p. ; 24 cm ISBN 0-521-43223-5 CDU 338.2
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Item type Current location Call number Status Date due Barcode Item holds
Monografia Biblioteca Geral da Universidade do Minho
BGUMD 99186 Available 243812
Total holds: 0

Enhanced descriptions from Syndetics:

The market does not spontaneously generate democratic or participatory economic institutions. This book asks whether a modern, efficient economy can be rendered democratically accountable and, if so, what strategic changes might be required to regulate the market-mediated interaction of economic agents. The contributors bring contemporary microeconomic theory to bear on a range of related issues, including the relationship between democratic firms and efficiency in market economies; incentives and the relative merits of various forms of internal democratic decision-making; and the effects of democratically accountable firms on innovation, saving, investment, and on the informational and disciplinary aspects of markets. Various approaches to the study of economic interaction (game theory, transactions' cost analysis, social choice theory, rent-seeking, etc.) are considered in an attempt to understand the relationship between power and efficiency in market economies.

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