A Political and Economic Case for the Democratic Enterprise

Economics and Philosophy 9 (01):75- (1993)
Abstract
We consider two reasons why firms should be owned and run democratically by their workers. The first concerns accountability : Because the employment relationship involves the exercise of power, its governance should on democratic grounds be accountable to those most directly affected. The second concerns efficiency : The democratic firm uses a lower level of inputs per unit of output than the analogous capitalist firm
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