According to my article, it depends on whether the nonprofit is run by a selfish or altruistic entrepreneur. (Some doubt the existence of the latter. My reply is "I can never trust anything you say -- it's just to further your own self-interest rather than seek the truth." :)> )
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of David Shemano Sent: maandag 19 december 2011 1:49 To: Progressive Economics Subject: Re: [Pen-l] Worker-owned companies? Jim Devine writes: I disagree with the idea that profit-seeking firms are efficient. It doesn't even make sense in NC terms, unless by NC we mean only the "Chicago" school. Profit-seeking companies have an incentive to dump costs on others (externalize internal costs, pollute) and to capture external benefits. A narrow-minded worker co-op (that acts like a fraternity of a craft union -- or in jargon, is economistic) has a similar problem. Why would a non-profit entity engaged in production not have same incentive as a profit-seeking entity with respect to externalities? David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
