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The Firm and Its Contradictions

Abstract

In this chapter I attempt to show how money—capital—and its transporter—the market—have strayed into social environments in which they are not well suited, with the result that they create considerable havoc both for the economy and for the social environments in which they lodge. Money in this way adulterates social organizations by perverting the grounds of cooperative social life. By infusing organizations with competitive struggle, finance markets undermine the conditions for making social contracts. The underlying premise is not that people are corrupt and greedy, although this may be a consequence of these unprecedentedly novel arrangements. A more certain consequence has been prevailing social unease about jobs and earnings, insurance and savings, and the stability of work organizations.

Keywords

Monetary Policy Large Firm Social Entity Internalize Capital Market Internal Labor Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Plenum Press, New York 1993

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