Civilizing the corporation

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Chapter 9 in Approaching Equality, 2017, pp 162-188 from Edward Elgar Publishing

Abstract: A corporation is a power structure. Power structures limit the freedom of some people and magnify, but direct, the power of others. Some trends in economic thought about corporations, from Adam Smith to the present, are sketched and then some alternatives to, and modifications of, the for-profit corporation are surveyed. For worker cooperatives, there is extensive evidence of overall success and some limitations. These are surveyed. Other forms discussed are ESOPs, worker participation in management, codetermination, not-for-profit enterprises, B-corporations, multi-stakeholder cooperatives, quangos, and community cooperatives. The transition from existing to modified forms of business organization is discussed.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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