Comparing Capitalistic and Cooperative Firms on the Ground of Humanistic Management
22 Pages Posted: 5 Nov 2008 Last revised: 1 Dec 2008
Date Written: November 4, 2008
This paper compares the different modes of functioning of the capitalistic and cooperative firms from the point of view of the principles of humanistic management. After a brief description of the main features of the two types of firm, I argue that efficiency - as it is commonly defined in economics - is not a robust enough standard on the basis of which to evaluate the relative performance of a capitalistic and cooperative firm. I conclude by pointing out that the fundamentum divisionis between the two types of firm resides on the view about the nature of firm: the firm as a commodity or the firm as an association, or community.
Keywords: Cooperative firm, capitalistic firm, efficiency, democratic governance, ethics of virtue
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