Die Gazette article (in German)

This is a translation into German, with very nice presentation and graphics, of my blog entry on Wall Street Capitalism.

Management-Employee Buyouts in Privatization

This 1993 report for the Central and Eastern European Privatization Network was known for giving early and ultimately accurate criticism of the shock therapy and voucher privatization programs.

What is a worker cooperative

This is the late-70s ICA pamphlet that introduced people to worker cooperatives.

Socialization of Enterpreneurship at Mondragon

This 1982 paper published by the ICA was the basis for the Harvard Business School case study on Mondragon–with most of the material on socializing entrepreneurship taken out.

The Legitimate Opposition at Work

This paper addresses the need for some union-like legitimate opposition in a largely worker-owned company.

The Legal Structure of Worker Cooperatives

This is the first paper to analyze all the different varieties of worker-owned firms as well as conventional firms in terms of how they parse the bundle of rights in a firm.

Horizon Problem and its Solution

This is the paper that explained how the system of internal capital accounts solves the Furubotn-Pejovich horizon problem that occurs in labor-managed firms with “social equity” like in a non-profit company.

Foundations-of-Self-Management-1975

This old typescript was probably the first written and published version of the argument for worker self-management (as we called it in those days) based on democratic theory and the labor theory of property seen as the property application of the usual principle of imputing legal responsibility in accordance with de facto responsibility.

3 Hats Paper

This is the “famous” 3-hats paper that first laid out the ICA model for a worker cooperative and that clarified how different rights would be assigned to different functional roles (“hats”) in a worker cooperative.

The Democratic Corporation

This is a law-journal treatment, coauthored with Peter Pitegoff, of the theory and practice of worker ownership in the US in the early 1980s.