On the Advantages of a System of Labour-managed Firms

Bruno Jossa

Journal of Entrepreneurial and Organizational Diversity, 2016, vol. 5, issue 1, 1-19

Abstract: This paper offers an outline of a large body of economic literature which discusses the advantages of a system of employee-managed firms: the disempowerment of capitalists thanks to the suppression of their right to make decisions in cooperative firms; appreciable efficiency gains from worker involvement in production processes; a softer competitive regime and small risks of insolvency; an end to external firm control and, consequently, to the sway of multinational corporations; reduced monopoly building; a socially determined income distribution pattern and economic efficiency gains from a lesser need for state intervention.

Keywords: Producer cooperatives; Socialism; Historical materialism; Economic democracy; Worker control (search for similar items in EconPapers)
JEL-codes: B5 P13 P2 P50 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:trn:csnjrn:v:5:i:1:p:1-19

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