Re: corporations/More Side Issue

[andie nachgeborenen <andie_nachgeborenen@xxxxxxxxx>]

>
> The general idea about is that in their economic
> activities, worker-cooperators will act as if they
> were profit-maximizers, but the fact that labor is
> not
> a cost gives them a different set of incentives from
> capitalist firms that are explored in the books and
> papers above.
>
> <<
>
> In the absence of labor as a cost in production, how
> are the profits defined?
>

What's left over after other expenses and taxes -- as
in any partnership sort of arrangement, the paterners
or (here) cooperators divide up anything that remains.

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