| ID | 364422 |
| Title Proper | Bank credit and labor-managed firms: comment |
| Other Title Information | Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 17, June 1975 |
| Language | ENG |
| Author | Katz, Arnold |
| Summary / Abstract (Note) | In a recent issue of the journal, Erik Furubotn presents an interesting demonstration of how the traditional microeconomic theory of capital and interest yields important insights into the savings bahavior of workers in an economy of labor-managed firms. In this note we will attempt to show that the difficulties Furubotn finds with the role of banks are either special cases depending on particular relationships between interest rates on savings accounts and bank loans... |
| `In' analytical Note | In Barnow, Burt S.: The production of primary education in Pennsylvania. [Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 14, May 1975] Pittsburgh, Pennsylvania. Department of Economics, University of Pittsburgh, 1975. |
| Key Words | Bank Credit ; Erik Furubotn |