Santa Left Some Econ In My Sock

Pingree's Potato Patch
Studying the Economics of Detroit

Santa was very nice to me this year, and among other things I've finally got a copy of Jaroslav Vanek's The General Theory of Labor-Managed Market Economics. I had a chance to read a bit of it while I was working on my doctoral coursework, and it's pretty snazzy, so I plan on posting some summary information on it in the near future. In a nutshell, though, Vanek takes the basic profit-maximization model of mainstream economics and substitutes an income-per-worker-maximization model, which results in a cascade of changed outcomes.

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