PHIL 182 Study Guide - Midterm Guide: Deskilling, Economic Democracy, Wage Labour
Document Summary
Describe the three basic institutions of schweickart model of economic. Competitive markets for goods and services: prices for goods and services largely unregulated, set by supply and demand, economic democracy is a form of market socialism , because central planning. Inefficient and conducive to authoritarian concentrations of power: firms strive to make a profit, but profit is difference between sales and non-labor costs. Investments fund generated by a capital assets tax: funds returned to regions and communities on a per capita basis (fair share) At each level (national, regional, community), a share is set aside for public capital investment, and the rest. Given to public banks, who give them out to new or existing firms according to criteria. Private ownership of means of production: the bulk of the means of production are privately owned, either directly or by corporations that are themselves owned by private individuals. The market: most products are exchanged in a "market. "
