Publisher's Synopsis
A "democratic firm" is a company owned and controlled by all the people working in it, just as a democratic government at the city or state level is controlled by all its citizens. This book is about the ideas, structures, and principles involved in the democratic firm and in economic democracy. The topics covered include a descriptive analysis of the property rights involved in capitalist production and a prescriptive application of the labour theory of property; an extended discussion of the legal structure of the democratic firm; an analysis of the system of Mondragon worker cooperatives; the American phenomena of employee stock ownership plans; the problems in Hungary's 1968 new economic mechanism and a brief description of the self-management idea in Poland.
