Enterprise Forms And Economic Efficiency

The book conducts a comparative study on the form of enterprise, focusing on broadly defined cooperative firms in comparison with conventional capitalist firms. It explores the essential advantages and disadvantages of the different types of firms and attempts to answer why capitalist firms are so prevalent in our economy. The book attempts to explain these questions from the viewpoint of "market failure" in the framework of standard microeconomic theory. In this analytical framework, it proposes an alternative system of business organization based upon consumer cooperatives and the market for their memberships, which can coexist consistently with the system of capitalist firms and the stock market within a single market economy. The existing studies of the cooperative sector have been rather ideological. The analytical framework that is presented in this book helps promote scientific exploration of cooperative and other types of firms, which are indispensable and potentially promising constituents of our society.

The collapse of central planning was hailed as evidence of the economic and moral superiority of capitalism over any possible alternative. The essays in this book challenge that claim. The case for more democratic forms of enterprise management is considered from a variety of viewpoints. One chapter deals with the philosophical justification for enterprise democracy. The remaining chapters are devoted to the question of efficiency, which has been central to economic debates about ownership and control. The orthodox belief amongst economists is that any shift to more democratic forms of enterprise control would be unworkable. The essays in this book provide a thorough theoretical and empirical critique of this orthodoxy.

This new edition of The Economics of Business Enterprise provides a comprehensive survey of the theory of the firm from the perspective of New Institutional Economics. It continues to emphasise the role of the entrepreneur within the firm and the emergence of institutional responses to rent seeking. Neoclassical, Transactions Cost, Austrian, Public Choice and Property Rights perspectives are contrasted and used to analyse private governance arrangements, contemporary developments in organisational form such as ‘the sharing economy’ and the regulatory framework.

This proceedings includes materials of the annual international conference "Formation, operation and development of enterprise structures in different forms, types and areas of economic activity", held in Budapest, Hungary on 24-26 March 2013 The main objective of the conference - the development of the community of scientists and practitioners in the field of economy. The conference brought together scholars and practitioners from Russia, Bashkortostan, Kazakhstan. The international scientific conference was supported by the Publishing House of the International Centre of research projects, editors of peer-reviewed scientific journals "Modern control technology", "Regional Economics and Management: Electronic scientific journal", "Economic growth and development», «Social & economic innovations».

First Published in 2013. Routledge is an imprint of Taylor & Francis, an informa company.

This book uses economic theory to argue that worker-controlled firms are rare due to market failures rather than inherent organizational defects. The book will be of interest to scholarly researchers, graduate students, and advanced undergraduates in economics, especially in industrial organization, labor economics, comparative economics, organizational economics, and finance.

Freight Transport and the Modern Economy adapts a well-known textbook by Michel Savy, revising, extending and updating it for British, European and international readers. It deals not only with the technical aspects of transport, logistics and supply chain management, but also the interactions between transport professionals and the public authorities in the modern social, political, economic and environmental context. The transport of freight is presented as a system, mixing empirics and theory, showing how transport itself functions and also its strong influence on the modern economy, with a growing volume of production, turnover and employment. The nature of freight transport, an industrial process widely marketed as a service, is analysed in depth, explaining the main characteristics of the transport operation, its market and the regulatory context. The main actors, the professional actors (carriers, shippers and other agents) and the public authorities are introduced, and their behaviour and interactions are clarified. This comprehensive approach allows the reader to go further and consider in particular the approaches and practices of transport by carriers, customers, logistics managers, political decision makers and citizens, to tackle long range issues such as the ‘decoupling’ of production and transport recommended by some institutions and experts, and to explore the need for more infrastructure, or the capacity of the freight transport industry to reduce its contribution to pollution and climate change. This book treats freight transport as a whole system in its technical, economic, social, political and environmental context, in contrast to existing transport literature focused on individual aspects, such as transportation planning (usually for cars or passengers), logistics (essentially management issues), or individual transport modes. This book is comprehensive in its treatment of freight transport and in its use of multiple disciplinary perspectives.

The subnational dimension of infrastructure has emerged as one of the greatest challenges in contemporary public finance policy and management. Ensuring the efficient provision of infrastructure represents a challenge for all countries irrespective of their level of centralization or decentralization. This book proposes an innovative approach for the strengthening of decentralized public investment and infrastructure management. Decentralization and Infrastructure in the Global Economy: From Gaps to Solutions covers the most important aspects of infrastructure investment in a decentralized setting. It discusses infrastructure gaps and the quality of subnational spending; how functional responsibilities, financing and equalization can be designed; sector-specific arrangements in high expenditure areas, such as health, education and roads; key steps of the public investment cycle and management; and analyses the political economy and corruption challenges that typically accompany decentralized infrastructure projects. This book challenges some of the well-accepted principles of intergovernmental fiscal relations and will be useful to researchers and practitioners of public finance policy and management.