ECON 426W Study Guide - Final Guide: Employee Stock Ownership Plan, Plywood, Co-Determination
9 Jan 2019
School
Department
Course
Professor
Document Summary
"labor-managed firms are a very small fraction of the total population of firms. Thus, economists who study lmfs are wasting their time. They should instead study firms that are common, which are the ones managed by capital suppliers. " "because firms rely on authority structures, they are a lot like governments. If democracy is a good thing in government, it is also a good thing within a firm. " Mondragon and the lega are large federations containing many individual lmfs. You have been given the job of designing an lmf. Explain how you would use the resulting insights to help design the organizational structure of your lmf. "in an economy with private ownership, the owners of physical assets decide how their assets will be used. This includes the productive assets used by firms. Thus it is obvious that suppliers of capital will control firms. " Some people think lmfs are rare mainly for reasons involving history or culture.
