Democracy and Efficiency in the Economic Enterprise

Download or read book Democracy and Efficiency in the Economic Enterprise written by Ugo Pagano and published by Routledge. This book was released on 2002-03-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse of central planning was hailed as evidence of the economic and moral superiority of capitalism over any possible alternative. The essays in this book challenge that claim. The case for more democratic forms of enterprise management is considered from a variety of viewpoints. One chapter deals with the philosophical justification for enterprise democracy. The remaining chapters are devoted to the question of efficiency, which has been central to economic debates about ownership and control. The orthodox belief amongst economists is that any shift to more democratic forms of enterprise control would be unworkable. The essays in this book provide a thorough theoretical and empirical critique of this orthodoxy.