Relationship between Capital and Labour Essential

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The assignment task and instructions can be found below. The report should demonstrate the following aspects: Knowledge of the details of one level of aggregation Ability to discuss the advantages and disadvantages of one theory explaining behaviour at that level of aggregation and applying this to a real world case

Applying the concept of risk and uncertainty to the chosen aggregate level and discuss how uncertainty affects this level of aggregation Firm I: Theory of the Firm ecture 4 Reading List Week 4: The Firm I: Theory of the Firm Essential Readings Firms and Corporations in Conceptualizing capitalism: institutions, evolution, future Chapter by G.M Hodgson The Institutional Construction of Firms in The Oxford handbook of comparative institutional analysis Chapter Psychological Factors of the Market in Irrational exuberance Chapter by R.J. Shiller Essential Recommended Reading Expansion without Merger: The Receding Managerial Limit in The theory of the growth of the firm Chapter by Edith Penrose Recommended Incomplete Contracts and the Theory of the Firm: What Have We Learned over the Past 25 Years? in The Journal of Economic Perspectives Article by Philippe Aghion and Richard Holden 2011 Recommended The Nature of the Firm in Economica Article by R. H. Coase 11/1937 Recommended Further Reading: Four formal(izable) theories of the firm? in Journal of Economic Behavior & Organization Article by Robert Gibbons 10/2005 Further reading Lecture 5 Reading List Week 5: The Firm II: Relationship between Capital and Labour Essential Readings Why are there people who cannot find a job? in Animal spirits: how human psychology drives the economy, and why it matters for global capitalism Chapter by George A. Akerlof; Robert J. Shiller; 97 106 Essential The Theory of Counterveiling Power in American capitalism  Chapter by J.K. Galbraith Essential Labour and Employment in Conceptualizing capitalism: institutions, evolution, future Chapter by G.M Hodgson Essential Addressing Inequality in Conceptualizing capitalism: institutions, evolution, future Chapter by G.M Hodgson Essential Recommended Reading Divisions of Labour The Simultaneity and Combination of (Different) Labour Relations in Work: the last 1,000 years Chapter by Andrea Komlosky Recommended Did Henry Ford Pay Efficiency Wages? in Journal of Labor Economics Article by Daniel M. G. Raff and Lawrence H. Summers 1987 Recommended Further Reading: Chapter 4 Strategic Democracy Walmart’s Warehouse Workers in Building Power from Below: Chilean Workers Take On Walmart Chapter Further reading