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On the Advantages of a System of Labour-managed Firms

Author

Listed:
  • Bruno Jossa

    (University of Naples, “Federico II”)

Abstract

This paper offers an outline of a large body of economic literature which discusses the advantages of a system of employee-managed firms: the disempowerment of capitalists thanks to the suppression of their right to make decisions in cooperative firms; appreciable efficiency gains from worker involvement in production processes; a softer competitive regime and small risks of insolvency; an end to external firm control and, consequently, to the sway of multinational corporations; reduced monopoly building; a socially determined income distribution pattern and economic efficiency gains from a lesser need for state intervention.

Suggested Citation

  • Bruno Jossa, 2016. "On the Advantages of a System of Labour-managed Firms," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 5(1), pages 1-19.
    • Handle: RePEc:trn:csnjrn:v:5:i:1:p:1-19
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    More about this item

    Keywords

    Producer cooperatives; Socialism; Historical materialism; Economic democracy; Worker control;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises

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