Saturday, August 27, 2011

greenwald -stigiltz relabeled

conjecture

G-S can be re thought as a model of  corporate opportunity
for   additional gain extraction equal to the pareto individual welfare  neutral   tax and subsidy

imagine each corporation as a little G-S system where the holdings of households are
their total marketed  human capital only
the corporation improves some extracts some at a minimum leaves the employee indifferent between a job and some direct product selling  ie between selling themselves and selling their product

even minimum gains to households would allow these hierarchical systems ie corporations to thrive

of course the world would be constantly discovering new opportunities where substituting hierarchy with inter employee transfers etc coinicide with an emergent net gain that becomes the well of net revenue for the corporation