> I, following Dickinson, consider the emergence of profit a failure to
> expand output.
In this context, profit can also emerge from cost-saving technical change.
> But unlike him I propose to reward socialist
> entrepreneurs according to the “volume of production effectively sold
> off”. So she/he would not have incentives to depart from the rule of
> pricing according to marginal costs, since they would be interested in
> imputing the lowest price possible to attract consumers and expand the
> output.
Would the socialist entrepreneurs, therefore, receive a different kind
of income to the other workers?
If so, I worry about the social and political implications of this
difference. I also think having two kinds of income is potentially
redundant. Why not allow all workers in the firm decide, in a democratic
manner, how the profit is distributed? Especially as the entrepreneurs
are supplying labour, like everyone else.
-Ian.
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Received on Mon Nov 3 16:00:12 2008
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