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Book Cover
E-book
Author Ellerman, David

Title The Democratic Worker-Owned Firm (Routledge Revivals) A New Model for the East and West
Published Milton : Taylor & Francis Group, 2015

Copies

Description 1 online resource (239 p.)
Series Routledge Revivals Ser
Routledge Revivals Ser
Contents Cover -- Title Page -- Copyright Page -- Original Title Page -- Original Copyright Page -- Dedication -- Table of Contents -- Introduction -- Capitalism, Socialism, and Economic Democracy -- Outline of the Approach -- Part I: Theory of the Democratic Firm -- 1: The Labor Theory of Property -- Property Rights and the Firm -- The Fundamental Myth About Private Property -- Ownership of a Corporation is Not "Ownership of the Firm" -- The Appropriation of Property -- The Normative Question of Appropriation -- "The Labor Theory" of Value-or of Property -- Is Labor Peculiar?
Only Labor is Responsible -- Juridical Principle of Imputation = Labor Theory of Property -- What is Labor's Product? -- Entrepreneurship -- Property Theoretic Themes in Marxian Value Theory -- The Employment Contract vs. De Facto Inalienability -- 2: Democratic Theory -- Democracy in the Firm -- The Enterprise as a Governance Institution -- Stakeholders: the Governed and the Affected -- Direct versus Indirect Control -- The Affected Interests Principle -- The Democratic Principle -- "Shareholders' Democracy" -- Democratic Socialism is Not Democratic in the Enterprise
The Public/Private Distinction in Democratic Theory -- Personal Rights and Property Rights -- Quarantining Democracy in the Public Sphere -- Redefining "Social" to Recast the Public/Private Distinction -- People-Based versus Property-Based Organizations -- Democracy Denied by the Employment Contract, Not Private Property -- The Employment Contract -- Democratic and Undemocratic Constitutions -- Are Democracy and Private Property in Conflict? -- The De Facto Theory of Inalienable Rights -- 3: The Democratic Firm -- Theoretical Basis for the Democratic Firm
The Democratic Principle and the Labor Theory -- Implementing the Democratic Principle in an Organization -- Implementing the Labor Theory in an Organization -- The Democratic Labor-Based Firm -- Definition of the Legal Structure -- The Social Aspects of Democratic Labor-Based Firms -- Capital Rights in Democratic Firms -- What About the Net Asset Value of a Corporation? -- Capital Accounts as Flexible Internal Debt Capital -- The Internal Capital Accounts Rollover -- A Collective Internal Capital Account -- Financing Internal Capital Account Payouts -- Participating Securities
Mutual Funds for Participating Securities -- Do Democratic Firms Suffer a "Financial Disadvantage"? -- Part II: Worker Ownership in America and Europe -- 4: Worker Cooperatives -- Introduction: Worker Ownership in America -- Worker Cooperatives in General -- Traditional Worker Stock Cooperatives -- Common-Ownership Firms in England -- Mondragon-Type Worker Cooperatives -- The Mondragon Group of Cooperatives -- Implementing the Mondragon-Type Co-Op in America -- Risk Diversification and Labor Mobility -- 5: Employee Stock Ownership Plans -- ESOPs: An American Phenomenon
Notes Description based upon print version of record
Worker Capitalist Corporations
Form Electronic book
ISBN 9781317484783
1317484789