When this book was first published in 1990, there were massive
economic changes in the East and significant economic challenges to
the West. This critical analysis of democratic theory discusses the
principles and forces that push both socialist and capitalist
economies toward a common ground of workplace democratization. This
book is a comprehensive approach to the theory and practice of the
"Democratic firm" - from philosophical first principles to legal
theory and finally to some of the details of financial structure.
The argument for economic democracy supports private property, free
markets and entrepreneurship for instance, but fundamentally it
replaces the employer/employee relationship with democratic
membership in the firm. For students, teachers, policy makers and
others interested in the application of democracy to the workplace,
this book will serve as a manifesto and a standard reference on the
topic.
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