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Economic Theory of the Worker Co-operative: An Exposition

Author

Listed:
  • Connell Fanning
  • David O'Mahony

    (University College, Cork, Ireland)

Abstract

A realistic view of this type of firm is grounded in the context of a capitalist environment without state encouragement. Founding, financing, and operation are considered as well as behaviour and performance. Our approach identified, more clearly than is usual is purely theoretical literature, areas where problems specific to worker co-operatives arise. The problem of why there are few such firms is considered. Also an hypothesis is offered as to why non-worker co-operatives often flourish and the question is posed: if worker co-operatives adopt the survival methods of these types could they be truly labour-directed?

Suggested Citation

  • Connell Fanning & David O'Mahony, 1983. "Economic Theory of the Worker Co-operative: An Exposition," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 4(2), pages 225-241, May.
    • Handle: RePEc:sae:ecoind:v:4:y:1983:i:2:p:225-241
    DOI: 10.1177/0143831X8342005
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