[103903] in Cypherpunks
Re: Another potential flaw in current economic theory... (fwd)
daemon@ATHENA.MIT.EDU (Jim Choate)
Tue Oct 6 11:39:39 1998
From: Jim Choate <ravage@einstein.ssz.com>
To: cypherpunks@einstein.ssz.com (Cypherpunks Distributed Remailer)
Date: Tue, 6 Oct 1998 10:24:23 -0500 (CDT)
Reply-To: Jim Choate <ravage@einstein.ssz.com>
Forwarded message:
> Date: Tue, 6 Oct 1998 08:51:21 -0600 (MDT)
> From: Jim Burnes <jvb@ssds.com>
> Subject: Re: Another potential flaw in current economic theory...
> > It occurs to me that there is another potential flaw in current economic
> > theory and business practice.
> >
> > Currently (ala Friedmann) the parties that reap the benefit of a succesful
> > business are the shareholders, this is currently seen to exclude the
> > employees in many cases/companies.
> >
>
> Actually not. There are quite a few business that have employees as
> shareholders. Most shares of companies are reasonably priced and
> easy enough to get a hold of. Selling them on the other hand is
> not so straightforward.
This doesn't effect the premise under standard economics that the
responsibility of managers is to the shareholders *exclusively* in regards
profits and business operations.
What I am positing is the potential effects of including employees as part
of that sphere of responsibility *without* explicit stock holding by the
emplyees.
You're trying to turn apples into oranges.
[other stuff deleted]
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