Economic Democracy The Political Economy of Self-management and Participation

This text explains the causes and consequences of democratization within the firm. It discusses workers' cooperatives, collective capital ownership and industrial democracy. A subject which includes topics such as property rights, democracy and the ownership of capital must inevitably be political and, although the book does present standard economic analysis, it also deals with political issues. A substantial portion of the book reports original research and, in addition to this, the book surveys some of the relevant literature and proposes new institutions and policies by which a self-managed sector could be promoted under capitalism.