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Fb2 Governing the Firm: Workers' Control in Theory and Practice ePub

by Gregory K. Dow

Category: Business Culture
Subcategory: Business and Work
Author: Gregory K. Dow
ISBN: 0521522218
ISBN13: 978-0521522212
Language: English
Publisher: Cambridge University Press (February 17, 2003)
Pages: 342
Fb2 eBook: 1313 kb
ePub eBook: 1986 kb
Digital formats: mobi mbr txt lrf

Gregory L. Dow is Professor and Chair of the Department of Economics at Simon Fraser University, British .

Gregory L. Dow is Professor and Chair of the Department of Economics at Simon Fraser University, British Columbia, Canada. He previously taught at the University of Alberta and Yale University, and has served as a visiting professor at the University of New South Wales, the Erasmus Institute for Philosophy and Economics, and the Swedish Collegium for Advanced Studies in the Social Sciences.

In Governing the Firm, Gregory Dow draws on economic theory . This book seeks to explain why investor-controlled rms are common and worker-controlled rms are rare.

In Governing the Firm, Gregory Dow draws on economic theory, statistical evidence, and case studies to frame an explanation. Governing the rm : workers’ control in theory and practice, Gregory K. Dow. p. cm. Includes bibliographical references and index.

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Governing the firm: workers' control in theory and practice. GK Dow. Cambridge University Press, 2003. The function of authority in transaction cost economics. Journal of Economic Behavior & Organization 8 (1), 13-38, 1987. Journal of Economic Behavior & Organization 43 (3), 319-336, 2000.

The primary focus of the book is the economics literature on the subject, though some attention is given to other related fields. At most the level of prerequisite technical knowledge is at the level of an undergraduate intermediate microeconomics course; the majority of the book, however, is easily readable for someone familiar with basic economic concepts.

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Governing the Firm Gregory K. Dow Cambridge Academ 9780521818537 : Most .

This book draws upon economic theory, statistical evidence, and case studies to frame an explanation. 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. 2003. In rare instances, however, control over the firm rests with the workforce. Climate reversals and the transition to agriculture. Dow, Clyde G. Reed, Nancy D. Olewiler. Dow Cambridge University Press, 2003. 1. Introduction . Economic Systems . The Control Dimension . Looking for Clues . A Projected Synthesis . The Plan of the Book. 2. Normative Perspectives . Why Care About Workers' Control? . Equality . Democracy . Property . Dignity . Community . The Author Shows His Cards. 3. Workers' Control in Action (I) . Surveying the Terrain . The Plywood Cooperatives . The Mondragon Cooperatives.

In rare instances, however, control over the firm rests with the workforce

In rare instances, however, control over the firm rests with the workforce.

Most large firms are controlled by shareholders, who choose the board of directors and can replace the firms 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. Gregory L. Dow is Professor and Chair of the Department of Economics at Simon Fraser University, British Columbia, Canada. He previously taught at the University of Alberta and Yale University, and has served as a visiting professor at the University of New South Wales, the Erasmus Institute for Philosophy and Economics, and the Swedish Collegium for Advanced Studies in the Social Sciences. Professor Dow is Associate Editor on the Journal of Economic Behavior and Organization and has published numerous articles on labor-managed firms and other topics in economic theory in leading journals such as the American Economic Review and the Journal of Political Economy.
Comments to eBook Governing the Firm: Workers' Control in Theory and Practice
Hi_Jacker
In Governing the Firm, Professor Gregory K. Dow conducts an exhaustive review of the academic research on worker management, both in the real world and in theory (as the title suggests). The primary focus of the book is the economics literature on the subject, though some attention is given to other related fields. At most the level of prerequisite technical knowledge is at the level of an undergraduate intermediate microeconomics course; the majority of the book, however, is easily readable for someone familiar with basic economic concepts.

Dow first discusses the normative aspects of labor managed firms (LMFs), then covers empirical cases of labor management, turning next to the relevant economic theory, and finally syntheses the previous discussion and presents his own ("modest") policy proposal. Dow stresses throughout the book that when discussing the merits of LMFs and capital managed firms (KMFs), one must use the replication principle: if some aspect of LMFs results in a particular outcome, one must show that it is impossible for KMFs to replicate an identical characteristic. For example, it is sometimes argued that LMF productivity is superior to that of KMFs because workers get a share in profits. However, there is no reason KMFs cannot similarly give a share of profits to workers.

He is most concerned with the question of why LMFs are so rare. The answer is not obvious, especially considering that LMFs operate at similar productivity levels as KMFs (and often at higher levels) and survive for longer once created. Many hypotheses have been advanced to explain the lack of LMFs in the world economy, but Dow posits that the inalienability of labor (and alienability of capital) leads to the dearth of LMFs through a number of channels. For instance, workers struggle to borrow to finance LMFs because they often cannot present collateral for loans due to their relatively low wealth as compared to capital managed firms, since capital can be repossessed but labor cannot be (it is inalienable).

Dow's policy proposal is pragmatic and does not seek an implausible revolution of the economic system (as some writers do). Current investors would be paid the fair market price for their shares as firms are slowly transitioned from KMFs to LMFs. While Dow is diligent about the economics, his "getting-to-there-from-here" discussion neglects to discuss how such a policy proposal would gain traction. The clear answer is through grassroots organizing and a substantial popular movement; only then can proposals seeking fundamental change in our economic system have any chance of succeeding.
Faugami
Dow makes a thorough survey of the literature and establishes a solid theoretical framework for workers' control. In the end of the book after nearly 200 pages, he finally presents a formula for transferring control (and ownership) away from capital suppliers and to labor suppliers. It is a thoughtful book though perhaps existing more in the realm of theory than actual practice. The case for capital controlling the firm while not theoretically exclusive, remains empiracally dominant and I don't think he provides a strong enough argument why worker control is better.

In any case, a very thoughtful book with some insightful ideas, highly recommended!
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