Ownership, Control and Self-Management

Donald George

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

The paper briefly summarizes those arguments which explain the paucity of workers' co-operatives under capitalism in terms of their financing arrangements. The possibility is considered that a wage-earners' investment fund of Scandinavian type could act as an external financing agency for a ‘co-operative sector’ within a capitalist economy. A simple model is developed of such an economy with a fund in place. The dynamics of the model are analysed and a number of simulation results reported. These results indicate the economic costs and consequences of various policies which such a fund might pursue.
Original languageEnglish
Pages (from-to)48-68
Number of pages21
JournalInternational Review of Applied Economics
Issue number1
Publication statusPublished - 1993


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