"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.

Keywords

Politics, Economics, Economic Democracy, Democratic Firm, Firms, Capitalist Firm

Themes

Workplace Democracy, Political Theory

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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