social_costs   8

William T. Lynch - Steve Fuller’s Account of Knowledge as a Divine Spark for Human Domination (pages 191-205) | Symposion. Theoretical and Applied Inquiries in Philosophy and Social Sciences - April 2016
ABSTRACT: In his new book, Knowledge: The Philosophical Quest in History, Steve Fuller returns to core themes of his program of social epistemology that he first outlined in his 1988 book, Social Epistemology. He develops a new, unorthodox theology and philosophy building upon his testimony in Kitzmiller v. Dover Area School District in defense of intelligent design, leading to a call for maximal human experimentation. Beginning from the theological premise rooted in the Abrahamic religious tradition that we are created in the image of God, Fuller argues that the spark of the divine within us distinguishes us from animals. I argue that Fuller’s recent work takes us away from key insights of his original work. In contrast, I advocate for a program of social epistemology rooted in evolutionary science rather than intelligent design, emphasize a precautionary and ecological approach rather than a proactionary approach that favors risky human experimentation, and attend to our material and sociological embeddedness rather than a transhumanist repudiation of the body. - Asst Prof of History at Wayne State - 2001 Stanford book on early Riyal Society
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may 2016 by dunnettreader
Tom Walker - EconoSpeak: The Hours of Labour and the Problem of Social Cost - Jan 2015
Coase argued that the suggested courses of action in the Pigovian tradition – liability, taxation or regulation – were inappropriate and often undesirable.(..) However, Coase didn't consider the full range of Pigou's examples and analysis. While Coase’s restatement of the problem may have been appropriate to the specific externality problems discussed by Pigou in part II, it entirely overlooked the radically different labour market problem encountered in part III, in which competitive pressure compels an employing firm to inflict harm on both itself and its employees and thus regulatory restraint of the firm (and competing employers) may benefit both. -- downloaded pdf to Note
paper  economic_theory  economic_sociology  intellectual_history  welfare_economics  institutional_economics  Coase  markets  markets-structure  property_rights  transaction_costs  externalities  competition  Labor_markets  social_costs  cost-benefit  regulation-costs  collective_action  common_good  efficiency  labor_law  wages  labor_standards  downloaded  EF-add 
january 2015 by dunnettreader
Ronald H. Coase, a Law Professor and Leading Economist, Dies at 102 -
Published: September 3, 2013

At the University of London, he was on his way to becoming an industrial lawyer when a seminar with Sir Arnold Plant, a well-known economist of the time, changed his focus again, this time for good. After graduating from the London School of Economics, he taught there and at other British universities, and married Marion Ruth Hartung in 1937. The couple immigrated to the United States in 1951, when he joined the faculty of the State University of New York at Buffalo. He left for the University of Virginia in 1958.

While teaching at Virginia, Professor Coase submitted his essay about the F.C.C. to The Journal of Law and Economics, a new periodical at the University of Chicago. The astonished faculty there wondered, according to one of their number, George J. Stigler, “how so fine an economist could make such an obvious mistake.” They invited Professor Coase to dine at the home of Aaron Director, the founder of the journal, and explain his views to a group that included Milton Friedman and several other Nobel laureates-to-be.

“In the course of two hours of argument, the vote went from 20 against and one for Coase, to 21 for Coase,” Professor Stigler later wrote. “What an exhilarating event! I lamented afterward that we had not had the clairvoyance to tape it.” Professor Coase was asked to expand on the ideas in that essay for the journal. The result was “The Problem of Social Cost.”

Professor Coase was soon invited to become editor of the journal, and to join the Chicago faculty, where he stayed the rest of his life, disdaining the equation-heavy approach of what he called “blackboard economics” in favor of insights grounded in real markets and human behavior.

By identifying transaction costs and explaining their effects, the Royal Swedish Academy of Sciences wrote in announcing his prize in 1991, “Coase may be said to have identified a new set of ‘elementary particles’ in the economic system.”
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september 2013 by jerryking
Why aren't other companies doing this? Employees wonder.
Michael Moore's new film puts spotlight on Petaluma company By Jeremy Hay, Press Democrat In "Capitalism: A Love Story," which opens today around the country, Moore takes aim at what he characterizes as a capitalist culture run amok. He holds up the bakery - with 117 employees and $24 million in annual revenues - as an example of a successful capitalist alternative, where workers are as powerful as executives, profits are shared equally and workers are valued for more than their labor. "This could be potentially a new model," said Cory Fisher, a field producer and researcher for Moore. "A way for workers to feel engaged and not marginalized, and that they have a stake in their future." [...] "They stood out," she said. "They're successful, their workers are able to make a living wage, they seem empowered and happy and you just start to look around and wonder, "Why aren't other companies doing this?"

  Why aren't other companies doing WHAT? Starting their own, Employee Owned Business. Ever since I saw the film, I've been wondering the same thing. Why aren't other companies doing this, Starting their own, Employee Owned Business? What's the hold-up?  What are the Obstacles?  What would be the Benefits? And HOW would such a hierarchical transition, even work? How Does an Employee-Owned Company Work? by Lauren Vork, Contributor Ownership and Profit Sharing In an employee-owned company, shares of the company are distributed among all of its workers and are not traded publicly on the stock market. Such companies often implement a system of profit-sharing. Decision Making Decision making within a fully employee-owned company happens democratically, but the particulars of organization and hierarchy are determined by the particular company. [...]
That'd be nice, eh?  to get 'a share' of the Profits, that your blood, sweat, and tears (and stress and creativity) go into producing, day in and day out. What a Novel Idea!   Surely there must be something else, preventing this from happening -- some vacuum of leadership, that would make such Employee-run Companies -- grind to a halt? Think again. The Employee Ownership 100: America's Largest Majority Employee-Owned Companies May 2009 Companies must have at least 50% of their stock owned by an ESOP, a stock purchase plan in which most full-time employees can participate, a profit sharing plan or other trust, or some combination of such plans. [...] ESOP: Employee Stock Ownership Plan PS: Profit Sharing Trust SP: Stock Purchase Plan Company   City   State   Plan   Industry   Employees Publix Super Markets   Lakeland   FL   ESOP, SP    supermarkets   142,000 Hy-Vee W.   Des Moines   IA   PS   supermarkets   55,000 CH2M Hill Inc.   Denver   CO   SP   engineering/construction   24,800 Golub Corporation   Schenectady   NY   PS   supermarkets   24,000 Lifetouch   Minneapolis   MN   ESOP   photography studios   20,000 Nypro   Clinton   MA   ESOP   plastics manufacturer   18,000 Houchens Industries   Bowling Green   KY ESOP   supermarkets & other services   16,000 Daymon Worldwide   Stamford   CT   ESOP   private label broker   15,000 WinCo Foods   Boise   ID   ESOP   supermarkets   12,200 Parsons   Pasadena   CA   ESOP   engineering/construction   11,500 Black & Veatch   Kansas City   MO   ESOP   engineering   9,600 Amsted Industries   Chicago   IL   ESOP   manufacturing   9,200 Graybar   St Louis   MO   SP   electrical wholesale   8,600 W.L. Gore & Associates   Newark   DE   ESOP   manufacturing   8,000 HDR, Inc.   Omaha   NE   ESOP   engineering/architecture   7,700 Davey Tree Expert    Kent   OH   ESOP   tree service   7,000 More ...

So obviously this Model of running a Company CAN Work! Interesting.   Perhaps THIS is the Wave of the Future, we've been waiting for? Perhaps we should be supporting these Employee-based Companies, INSTEAD of their Earth-ravaging counterparts -- of the Corporate variety? Corporations where Nameless, Unaccountable CEO's, making piss-poor decisions, to placate even more Nameless, Unaccountable shareholders, (very far removed from the scene of the crimes transactions). Perhaps putting the workers, in charge of those "shares" would put more "long term" SANITY, back into critical Business decisions? It's worth a try ... cuz, what we got now, just Ain't working! Wikipedi employee-owned companies This is a list of notable employee-owned companies. "Notable" is defined as having an article in Wikipedia, or obviously qualifying for one according to WP:CORP. -- Abt Associates -- Acadian Ambulance -- Alion Science and Technology -- Alliance Holdings -- Alpine Lumber Co. -- American Cast Iron Pipe -- American Excelsior -- America's Gardening Resource -- Amsted Industries -- Andersen Corporation -- Angeles Millwork and Lumber Co. -- Antioch Publishing -- Appleton -- Armstrong Garden Centers -- ASC -- Aspen Systems Corporation -- Arvig Communication Systems -- Austin Industries -- AVI Systems, Inc -- Barr Engineering -- Besser Company -- BHA Group -- Bi-Mart -- Black & Veatch Corporation -- Boat USA -- Bob's Red Mill -- Bradford White -- Branch & Associates -- BRB Contractors -- Brookshire Brothers -- Brown and Caldwell -- Bureau of National Affairs -- Burns & McDonnell Engineering -- Carter's Foods -- CH2M Hill -- Charles Machine Works -- Chicago and North Western Railway -- Cianbro Corporation -- Columbia Forest Products -- ComSonics, Inc. -- Cooperative Home Care -- CPES -- Crucible Materials -- Dahl's Foods -- Davey Tree Expert Company -- DCH Auto Group -- DeRosa Corp. -- Digital Transmission Services -- DreamHost -- Drew George & Partners, Inc. -- Dunn-Edwards Corporation -- Dynetics -- Ebby Halliday Realtors -- ENVIRON International Corp More ...

Support those good folks if you can. Keep Business decisions, in the hands of the Business Employees -- those who really know what's happening on the ground, in today's world. And if you can, look into converting the company you work for, into one of those Employee Owned Businesses.  Become part of the Solution, instead of Part of the Problem   (-- That or maybe start looking for one of those Companies to work for, yourself?) How to Start an Employee-Owned Company Giving employees a tangible stake in a company increases productivity and creates a loyal atmosphere that will inevitably lead to greater business success and profits for everyone. [...] Sounds smart. If you can take your Workplace, from here to there. But where there's a will, there's way -- I used to always hear growing up.  Stranger things have happened, in the wild-west world of Business. Maybe it's finally time, for some "saner things" to start happening too? If not now, when? As Michael Moore's film demonstrated, Capitalism is definitely on the skids. Something else needs to rise up and take its place -- or were all in a world of hurt, in the long run. Why shouldn't that 'something else' be, Hard-working People, taking charge of their own destinies, by demanding a stake in their own, Employee-Owned Business? Stranger things have happen ...
Economy  Co-ops  corporations  Social_Costs  Social_Benefits  Michael_Moore  Democratic_Workplace  Stock_Purchase_Plan  Employee_Owned_Business  Profit_Sharing  capitalism  from google
may 2010 by pleitch

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