"A Political and Economic Case for the Democratic Enterprise"
by Bowles, Samuel; Gintis, Herbert (1993)
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.
KeywordsPolitics, Economics, Economic Democracy, Democratic Firm, Firms, Capitalist Firm
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