The Labor-Managed Firm: Theoretical Foundations

In previous work, Gregory K. Dow created a broad and accessible overview of worker-controlled firms. In his new book, The Labor-Managed Firm: Theoretical Foundations, Dow provides the formal models that underpinned his earlier work, while developing promising new directions for economic research. Emphasizing that capital is alienable while labor is inalienable, Dow shows how this distinction, together with market imperfections, explains the rarity of labor-managed firms. This book uses modern microeconomics, exploits up-to-date empirical research, and constructs a unified theory that accounts for many facts about the behavior, performance, and design of labor-managed firms. With a large number of entirely new chapters, comprehensive updating of earlier material, a critique of the literature, and policy recommendations, here Dow presents the capstone work of his career, encompassing more than three decades of theoretical research.

Author: Gregory K. Dow
Publisher: Cambridge University Press
Published: 05/16/2019
Pages: 429
Binding Type: Paperback
Weight: 1.26lbs
Size: 9.00h x 6.00w x 0.87d
ISBN: 9781107589650

About the Author
Dow, Gregory K.: - Gregory K. Dow has been Professor of Economics at Simon Fraser University, British Columbia since 1995 and chaired the economics department during 2001-6. He has held previous academic positions at the University of Alberta and Yale University, Connecticut. His articles have appeared in the leading journals of the profession, including the American Economic Review and the Journal of Political Economy. His previous book Governing the Firm: Workers' Control in Theory and Practice was published by Cambridge in 2003.

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