I am not sure if this is a _side issue_ Justin. As you
may have noticed, I do not use _scare quotes_ this
time since I use quotes most of the time, but not
always, to _highlight_ things.

>>

I don't think there is any need to put scare quotes
around "contracts" in a market socialist society. A
contract is just a legally enforceable promise, and
any market society, maybe any modern society, will
have a legal system and a set of rules for contract
law.

<<

Despite that I am more of an anarchist at heart who
despises rules and hierarchies of any kind, I
recognize that, whether market or not, in any society
in which we will live in the near future, there will
be a legal system and a set of rules for contracts.

After all, every human relation is based on some sort
of a contract whether it is our relationship with our
lovers, children, parents, siblings, friends and the
like.

Just that most these (unsigned) contracts are
enforceable not by law but by love and we can always
opt out provided that we choose to give up on love.

I have a question about this:

>>

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?

Best,

Sabri

Reply via email to