Featured | Democratic Firms
Comments on the Danish EOT Law
The Danish EOT is an unworkable model for employee ownership and thus no solution for the growing problem of business succession. The failure of the model is analyzed in this paper.
Historical Copies of ICA Model By-Laws for a Worker Cooperative
These copies of the Industrial Cooperative Association (ICA) Model By-Laws go from an early version from the late 1970s to the mature version in the early 1980s. Also included are a report from the late 1980s on how to set up a democratic worker ownership trusts written for Zimbabwe plus a law journal article on the 1982 Massachusetts law on Employee Cooperative Corporations.
Featured | Development
Tocqueville and Employee Ownership
There seems to be two rather different philosophies of aid to development and poverty relief. (1) The progressive/social-democratic approach is for the government or aid agencies to do more and more good things for people. (2) The classical-liberal approach is to change the underlying conditions so that people are empowered to do good things for themselves. In this paper, we analyze Alexis de Tocqueville’s approach to these questions in his First Memoir and his (unfinished) Second Memoir on Pauperism.
Featured | Property Theory
Historical Copies of ICA Model By-Laws for a Worker Cooperative
These copies of the Industrial Cooperative Association (ICA) Model By-Laws go from an early version from the late 1970s to the mature version in the early 1980s. Also included are a report from the late 1980s on how to set up a democratic worker ownership trusts written for Zimbabwe plus a law journal article on the 1982 Massachusetts law on Employee Cooperative Corporations.
Marginal Productivity Theory versus Labor Theory of Property
This paper shows that MP theory can also be formulated in a mathematically equivalent way using vectorial marginal products–which however conflicts with the “distributive shares” picture.
Featured | Quantum Mechanics
The Basic Ideas of Quantum Mechanics
For a century, quantum theorists have been reading the mathematical entrails of quantum mechanics (QM) to divine the nature of quantum reality. But to little avail. Let’s try a new approach.
Born Again! The Born Rule as a Feature of Superposition
Where does the Born Rule come from? We ask: “What is the simplest extension of probability theory where the Born rule appears”? This is answered by introducing “superposition events” in addition to the usual discrete events.
Featured | Mathematics
Market Valuations are Inappropriate for Employee-Owned Firms
Any `fair market valuation’ of an employee-owned firm or partnership that assumes those future residuals accrue to the current shareholder/residual-claimants is inappropriate.
The Basic Ideas of Quantum Mechanics
For a century, quantum theorists have been reading the mathematical entrails of quantum mechanics (QM) to divine the nature of quantum reality. But to little avail. Let’s try a new approach.
