Governing the Firm: Workers' Control in Theory and Practice - Image 1

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Cambridge University Press Governing the Firm: Workers' Control in Theory and Practice

Name: Governing the Firm: Workers' Control in Theory and Practice
Brand: Cambridge University Press
Price: 81.32 GBP
Availability: InStock

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Description

Most large firms are controlled by shareholders, who choose the board of directors and can replace the firm's management. In rare instances, however, control over the firm rests with the workforce. Many explanations for the rarity of workers' control have been offered, but there have been few attempts to assess these hypotheses in a systematic way. This book draws upon economic theory, statistical evidence, and case studies to frame an explanation. The fundamental idea is that labor is inalienable, while capital can be freely transferred from one person to another. This implies that worker-controlled firms typically face financing problems, encounter collective choice dilemmas, and have difficulty creating markets for control positions within the firm. Together these factors can account for much of what is known about the incidence, behavior, and design of worker-controlled firms. A policy proposal to encourage employee buyouts is developed in the concluding chapter.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521818532
Category: Books > Subjects > Business, Finance & Law > Economics > Labour
Domain: Amazon UK
Release Date: 17 February 2003
Listed Since: 04 January 2007

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Cambridge University Press Governing the Firm: Workers' Control in Theory and Practice

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