A Few Advantages of Economic Democracy
Journal title STUDI ECONOMICI
Author/s Bruno Jossa
Publishing Year 2011 Issue 2010/101 Language English
Pages 25 P. 5-29 File size 534 KB
DOI 10.3280/STE2010-101001
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The aim of this article is to discuss some of the main advantages of an employeemanaged system: a labour productivity edge on capitalistic businesses, the suppression of external firm control, slower monopoly-building and softer competition, the eclipse of the paramount role of economics in social evolution and a reduced need for state intervention into the economy. The author’s analysis sheds light on whether, and in what sense, economic democracy is a public good proper or just a "merit good". From the classification of cooperative as merit goods it follows that any government, regardless of political-economic orientation, should make it its task to support the growth of the democratic firm system by enforcing tax or credit benefits in its favour.
Keywords: Cooperatives, socialism, historical materialism, economic democracy
Jel codes: B5, P2, P50, P13
Bruno Jossa, A Few Advantages of Economic Democracy in "STUDI ECONOMICI " 101/2010, pp 5-29, DOI: 10.3280/STE2010-101001