The Cooperative Way

David Reisman
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David Reisman: Nanyang Technological University

Chapter 10 in James Edward Meade, 2018, pp 219-231 from Palgrave Macmillan

Abstract: Abstract Meade’s search for a Third Way, neither pure capitalism nor pure statism, led him to the cooperative enterprise on the model of Mondragon in Spain and the John Lewis Partnership in Britain. The suppliers of labour power and capital alike would share in ownership and in the profits. This would make industrial relations more harmonious and would boost efficiency by giving both sides of industry an incentive to do their best. Meade does not propose internal democracy through allowing the workers to choose their supervisors or the board of directors. He expects that the unions will continue to represent their members should internal disputes arise. As attachment is easier in a small firm; it is another reason to look carefully at the economies of scale that economists like Galbraith attribute to the large corporation.

Keywords: Cooperative organisation; Worker shareholders; Industrial relations; Small firms; Productivity (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-3-319-69281-4_10

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DOI: 10.1007/978-3-319-69281-4_10

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