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Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
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TL;DR: A review on the economics literature on co-operatives from the point of view of economic methodology can be found in this article, where the authors compare two different approaches, the neoclassical approach and the new institutional approach.
Abstract: This article presents a review on the economics literature on co-operatives from the point of view of economic methodology. I compare two different approaches, the neoclassical approach and the new institutional approach. The former approach is exemplified by Jaroslav Vanek's (1970) The General Theory of Labor-Managed Market Economies, and the latter approach by Henry Hansmann's (1996) The Ownership of Enterprise. I also pay attention to some more recent literature, like the contract-theoretic approach and Gregory Dow's (2003) recent book on workers' control. I try to answer the following questions: 1) How has the development of economics influenced the study of co-operatives in economics? 2) How can the co-operative studies benefit from the economics approaches to co-operatives? 3) What is the future of the study of co-operatives in economics?
8 citations
8 citations
8 citations