On the Advantages of a System of Labour-managed Firms

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.

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Bruno Jossa (2016). On the Advantages of a System of Labour-managed Firms, Journal of Entrepreneurial and Organizational Diversity, 5(1): 1-19. DOI: http://dx.doi.org/10.5947/jeod.2016.001