"A Political and Economic Case for the Democratic Enterprise"
by Bowles, Samuel; Gintis, Herbert (1993)
Abstract
We consider two reasons why firms should be owned and run democratically by their workers. The first concerns accountability: Because the employment relationship involves the exercise of power, its governance should on democratic grounds be accountable to those most directly affected. The second concerns efficiency: The democratic firm uses a lower level of inputs per unit of output than the analogous capitalist firm.
Links to Reference
- https://www.cambridge.org/core/journals/economics-and-philosophy/article/political-and-economic-case-for-the-democratic-enterprise/B2084E9F6ED66902CA33DAD64348A583
- http://dx.doi.org/10.1017/S0266267100005125
- https://www.researchgate.net/profile/Herbert_Gintis/publication/224596535_A_Political_and_Economic_Case_for_the_Democratic_Enterprise/links/09e415075b5b193cd3000000.pdf
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