Monday, October 24, 2016

Societies members are societies agents institutional arrangements are instrumentalities

For profit firms scooping residual revenues after all working agents are compensated
May improve outcomes
But surely other institutional arrangements with other dispensations of residuals
are possibly " better "

What is real is rational ...if it's self sustaining ...and if
a preferable arrangement is non existent
Can we improve on the for profit firm
Can we design a better instrumentality
where the FPF is now used as the preferred  instrumentality
For the decentralized development of societies productive capacities ?