For Work / Against Work
Debates on the centrality of work

"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 Centrality of Work

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