The Economic Theory of Socialism and the Labour-managed Firm focuses on market socialism and the relevant debate among economic theorists. It argues that market socialism is the only rational form of socialism and that market socialism with labour-managed firms is by far the bes…
Most large firms are controlled by shareholders, who choose the board of directors and can replace the firm's management. In rare instances, however, control over the firm rests with the workforce. Many explanations for the rarity of workers' control have been offered, but there…
Workers' control is a rare phenomenon. This book provides case studies of worker-controlled firms and surveys available evidence on their behavior in an attempt to explain the apparent lack of success. It develops a policy proposal to encourage employee buyouts.
Economists have had little success in explaining the rarity of worker-controlled firms. This book provides case studies of such firms and surveys the available evidence on their design and behavior. It outlines a policy proposal to encourage employee buyouts of conventional firm…
Most large firms are controlled by shareholders, who choose the board of directors and can replace the firm's management. In rare instances, however, control over the firm rests with the workforce. Many explanations for the rarity of workers' control have been offered, but there…