Jaroslav Vanek
Encyclopedia
Jaroslav Vanek is an economist
and Professor Emeritus of Cornell University
known for his research on labour-managed firms (a similar idea to that of a worker cooperative
), and also to the theory of international trade
.
included "The Participatory Economy: An Evolutionary Hypothesis and a Strategy for Development" which reviewed behaviour of labour-managed firms in more social spheres beyond their interests in net revenue per worker. He was an important contributor to the Heckscher–Ohlin model, which provides a macroeconomic attempt of explanation of international trade and countries' specializations.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and Professor Emeritus of Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
known for his research on labour-managed firms (a similar idea to that of a worker cooperative
Worker cooperative
A worker cooperative is a cooperative owned and democratically managed by its worker-owners. This control may be exercised in a number of ways. A cooperative enterprise may mean a firm where every worker-owner participates in decision making in a democratic fashion, or it may refer to one in which...
), and also to the theory of international trade
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...
.
Career
Vanek wrote "The General Theory of Labour-Managed Market Economies," a seminal work on self-management. His work in the economics of participationEconomics of participation
Economics of participation is an umbrella term spanning the economic analysis of worker cooperatives, labor managed firms, profit sharing, gain sharing, employee ownership, works councils, codetermination, and other programs and policies by which employees participate in decision making and or...
included "The Participatory Economy: An Evolutionary Hypothesis and a Strategy for Development" which reviewed behaviour of labour-managed firms in more social spheres beyond their interests in net revenue per worker. He was an important contributor to the Heckscher–Ohlin model, which provides a macroeconomic attempt of explanation of international trade and countries' specializations.