Synopsis
A "democratic firm" is a company owned and controlled by all the people working in it, just as a democratic government at the city or state level is controlled by all its citizens. This book is about the ideas, structures, and principles involved in the democratic firm and in economic democracy. The topics covered include a descriptive analysis of the property rights involved in capitalist production and a prescriptive application of the labour theory of property; an extended discussion of the legal structure of the democratic firm; an analysis of the system of Mondragon worker cooperatives; the American phenomena of employee stock ownership plans; the problems in Hungary's 1968 new economic mechanism and a brief description of the self-management idea in Poland.
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Présentation de l'éditeur
When this book was first published in 1990, there were massive economic changes in the East and significant economic challenges to the West. This critical analysis of democratic theory discusses the principles and forces that push both socialist and capitalist economies toward a common ground of workplace democratization.
This book is a comprehensive approach to the theory and practice of the "Democratic firm" – from philosophical first principles to legal theory and finally to some of the details of financial structure. The argument for economic democracy supports private property, free markets and entrepreneurship for instance, but fundamentally it replaces the employer/employee relationship with democratic membership in the firm.
For students, teachers, policy makers and others interested in the application of democracy to the workplace, this book will serve as a manifesto and a standard reference on the topic.
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