Funding Self-Management

Donald A. R. George

No 840, Working Paper from Economics Department, Queen's University

Abstract: The paper briefly summarizes those arguments which explain the paucity of workers' cooperatives under capitalism in terms of their financing arrangements. The possibility is considered that a wage-earners' investment fund, of Scandinavian type, could act as an external funding agency for a 'cooperative sector' within a capitalist economy. A simple model is developed of such an economy with a fund in place. The dynamics of the model are analyzed and a number of simulation results reported. These results indicate the economic costs and consequences of various policies which such a fund might pursue.

Pages: 37 pages
Date: 1992-01
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:840

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