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- W2149137589 abstract "This paper draws on Wicksell's Value, Capital and Rent. The (comparative-statics) response of the cooperative to a change in its parameters (capital stock, rate of interest paid on capital stock, and production function) is examined. Severe employment problems may be expected if, in a cooperative setting, the rate of interest is, by macroeconomic management, kept at a relatively low level. Technological progress also may lead to a contraction in employment and even, under some circumstances, cause a decline in output per man. The cooperative is throughout contrasted with its capitalist counterpart." @default.
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- W2149137589 date "1982-12-01" @default.
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- W2149137589 title "The Austrian theory of the cooperative firm" @default.
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- W2149137589 doi "https://doi.org/10.1016/0147-5967(82)90047-6" @default.
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