Worker Cooperatives as Based on First Principles

Issues: Volume 5, Issue 1
Authors: David Ellerman

The purpose of this paper is to go back to the first principles of democracy and private property, and to show that they are violated by the conventional firms based on the employment relations and are satisfied by the legal form of a worker cooperative. The conventional bundle of rights in a corporation is analysed and then shown how it is changed and reparsed in a worker cooperative according to those first principles.

Keywords: WORKER COOPERATIVES; JURIDICAL PRINCIPLE OF IMPUTING RESPONSIBILITY; DEMOCRATIC THEORY
JEL classification: P13; J54
DOI: http://dx.doi.org/10.5947/jeod.2016.002
About authors: David Ellerman    Download .PDF