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| Author: | Doucouliagos, C. |
| Title: | Unemployment and workers' control |
| Journal: | Review of Political Economy
1997 : APR, VOL. 9:2, p. 151-180 |
| Index terms: | UNEMPLOYMENT WORKERS CONTROL |
| Language: | eng |
| Abstract: | The relationship between democratic workers' control and unemployment is explored. When unemployment arises from labour market distortions, market imperfections, or from information imperfections, labour-managed firms are superior to capitalist firms. The firm's governance and decision making structures then play an instrumental role in the level of unemployment. However, when involuntary unemployment arises from effective demand failures, then workers' control may not be able to maintain or to restore full employment. |
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