On the Advantages of a System of Labour-managed Firms

Issues: Volume 5, Issue 1
Authors: Bruno Jossa

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.

Keywords: PRODUCER COOPERATIVES; SOCIALISM; HISTORICAL MATERIALISM; ECONOMIC DEMOCRACY; WORKER CONTROL
JEL classification: B5; P2; P50; P13
DOI: http://dx.doi.org/10.5947/jeod.2016.001
About authors: Bruno Jossa    Download .PDF