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A Political and Economic Case for the Democratic Enterprise

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  • Bowles, Samuel
  • Gintis, Herbert

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.

Suggested Citation

  • Bowles, Samuel & Gintis, Herbert, 1993. "A Political and Economic Case for the Democratic Enterprise," Economics and Philosophy, Cambridge University Press, vol. 9(1), pages 75-100, April.
    • Handle: RePEc:cup:ecnphi:v:9:y:1993:i:01:p:75-100_00
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    Citations

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    Cited by:

    1. Samuel Bowles & Herbert Gintis, 2007. "Power," UMASS Amherst Economics Working Papers 2007-03, University of Massachusetts Amherst, Department of Economics.
    2. Miguel Alzola, 2018. "Decent Work: The Moral Status of Labor in Human Resource Management," Journal of Business Ethics, Springer, vol. 147(4), pages 835-853, February.
    3. Burdin, Gabriel & Dughera, Stefano & Landini, Fabio & Belloc, Filippo, 2023. "Contested Transparency: Digital Monitoring Technologies and Worker Voice," GLO Discussion Paper Series 1340, Global Labor Organization (GLO).
    4. Marina Albanese & Cecilia Navarra & Ermanno Tortia, 2019. "Equilibrium unemployment as a worker insurance device: wage setting in worker owned enterprises," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(3), pages 653-671, October.
    5. Dow, Gregory K., 2002. "The ultimate control group," Journal of Economic Behavior & Organization, Elsevier, vol. 49(1), pages 39-49, September.
    6. Becchetti, Leonardo, 2009. "Oltre la crisi nella società del rischio: il ruolo dell' economia civile," AICCON Working Papers 62-2009, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    7. Iñigo González-Ricoy & Pablo Magaña, 2024. "The Demos of the democratic firm," Politics, Philosophy & Economics, , vol. 23(4), pages 346-367, November.
    8. Esteves, Luiz A., 2014. "A Economia das Firmas Cooperadas e a Análise Antitruste [The Economics of Cooperative Firms and the Antitrust Analysis]," MPRA Paper 58908, University Library of Munich, Germany.
    9. John Pencavel, 2013. "Worker cooperatives and democratic governance," Chapters, in: Anna Grandori (ed.), Handbook of Economic Organization, chapter 24, Edward Elgar Publishing.
    10. Tortia, Ermanno C., 2024. "Dividends, labor remuneration, and capitalization in worker cooperatives. Worker shareholding," MPRA Paper 122500, University Library of Munich, Germany.
    11. Malleson, Tom, 2014. "After Occupy: Economic Democracy for the 21st Century," OUP Catalogue, Oxford University Press, number 9780199330102.
    12. José Ángel Moreno Izquierdo, 2019. "De la empresa accionarial a la empresa participativa," Revista de Economia Critica, Asociacion de Economia Critica, vol. 28, pages 55-68.
    13. Khan, Haider & Patomäki, Heikki, 2013. "A reconstructive critique of IPE and GPE from a critical scientific realist perspective: An alternative Keynesian-Kaleckian approach," MPRA Paper 49517, University Library of Munich, Germany.
    14. Tortia, Ermanno C., 2021. "Employment protection regimes and dismissal of members in worker cooperatives," MPRA Paper 109214, University Library of Munich, Germany.
    15. Dow,Gregory K., 2019. "The Labor-Managed Firm," Cambridge Books, Cambridge University Press, number 9781107589650, January.
    16. Stefano Zamagni & Vera Zamagni, 2010. "Cooperative Enterprise," Books, Edward Elgar Publishing, number 13842.
    17. Gregory K. DOW, 2018. "The Theory Of The Labor-Managed Firm: Past, Present, And Future," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(1), pages 65-86, March.
    18. Tortia, Ermanno Celeste, 2019. "Employment protection regimes in worker co-operatives: dismissal of worker members and distributive fairness," MPRA Paper 94536, University Library of Munich, Germany.
    19. Zamagni, Stefano, 2005. "Per una teoria economico-civile dell'impresa cooperativa," AICCON Working Papers 10-2005, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    20. Lambert, Thomas, 2018. "Big Business and Management: Too Many Bosses and Too Much Pay?," MPRA Paper 86406, University Library of Munich, Germany.
    21. Marina Albanese & Cecilia Navarra & Ermanno Tortia, 2017. "Equilibrium unemployment as a worker insurance device: Worker insurance and wage setting in worker owned enterprises," DEM Working Papers 2017/09, Department of Economics and Management.
    22. Stefano Zamagni, 2013. "Cooperative entrepreneurship," Chapters, in: Luigino Bruni & Stefano Zamagni (ed.), Handbook on the Economics of Reciprocity and Social Enterprise, chapter 9, pages 94-107, Edward Elgar Publishing.

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