On the Advantages of a System of Labour-managed Firms

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.

A missing tool to achieve the UN 2030 agenda goal n.8: a proposal for a regulatory framework at a federal level regarding worker

“…33: 449-80. DOI: https://doi.org/10.1177/0032329205278463;ELLERMAN, D. (2017). Worker Cooperatives as Based on First Principles.…”