Worker Cooperatives as Based on First Principles

13 Pages Posted: 28 Feb 2017

Date Written: February 27, 2017


The purpose of this paper is to go back to the first principles of democracy and private property, and to show that they are violated by the conventional firms based on the employment relations and are satisfied by the legal form of a worker cooperative. The conventional bundle of rights in a corporation is analysed and then shown how it is changed and reparsed in a worker cooperative according to those first principles.

Keywords: Worker Cooperatives; Juridical Principle of Imputing Responsibility; Democratic Theory

JEL Classification: P13; J54

Suggested Citation

Ellerman, David, Worker Cooperatives as Based on First Principles (February 27, 2017). Journal of Entrepreneurial and Organizational Diversity, Vol. 5, No. 1, pp. 20-32, (2016), Available at SSRN:

David Ellerman (Contact Author)

University of Ljubljana ( email )

School of Social Science
Ljubljana, CA


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