While one might hope that relative wages in a workers' managed market
socialism would be set according to some criterion other than marginal
revenue products -- as Rosser implies they would/could be -- I know of no
analyst of such a system who does not conclude that the labor market in
such a system would function in a way to generate marginal revenue product
wages PLUS perhaps an equal share of after nonlabor and labor cost profits.
Domar, Ward, Horvat, Vaneck, etc. David Schweickart seems to assume other
wise presumably because he would like to believe otherwise. But he's a
philosopher not an economist, for god's sake. We economists seem to know
better.


Reply via email to