Tag: small scale manufacturing
First, most producers are employees of firms, not owners. Viewed from the vantage point of classical theory, they have no reason to maximize the profits of firms, except to the extent that they can be controlled by owners. Moreover, profit-making firms, nonprofit organizations, and bureaucratic organizations all have exactly the same problem of inducing their…
Kevin Carson’s Rejoinder to Steven Horwitz. As with Derek Wall, I’m gratified by the thoughtful tone of Steven Horwitz’s response to my lead essay. Where he agrees with me, he makes some good points of his own that add to what I was trying to say — particularly in regard to “free markets” not meaning the…
Karl Hess: Presidential Speechwriter Turned Homesteader Interview by Anson Mount (Mother Earth News) (Originally published in Mother Earth News, January/February, 1976 issue) Introduction It was so easy back then — during the 1950’s and early 60’s — to be a Right Thinking Citizen of the United States. Easy because we all knew who wore the…
An article at Medium (Tim O’Reilly, “Networks and the Nature of the Firm — What’s the Future of Work?” August 14) describes Uber and Airbnb as “textbook examples” of “the way that networks trump traditional forms of corporate organization, and how they are changing traditional ways of managing that organization.” Um, no. What Uber and…
At the Washington Post, Max Ehrenfreund argues (“Hillary Clinton’s top goal as president could be effectively impossible to achieve,” July 20) that Hillary Clinton may be hampered in her stated goal of raising middle class incomes and reducing economic inequality by factors beyond her control. These factors include forces such as “technological automation and globalization,”…