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Economic Democracy: The Cooperative Alternative
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en
English
12 h
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- 6 Sequences
- Introductive Level
Course details
Syllabus
"The form of association ... which if mankind continue to improve, must be expected in the end to predominate, is not that which can exist with capitalist as chief, and workpeople without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.”
- John Stuart Mill, Principles of Political Economy, 1848
- Block 1. The internal impact of employee ownership: productivity, governance and management.
- Block 2. The external impact of employee ownership: spillovers for health, democracy, and the local economy.
- Block 3. Simple economic theory of the labour-managed firm. The “Pangloss Theorem” (if cooperatives are so wonderful, why aren’t there more of them?). Internal v. external financing.
- Block 4. Long-term viability. Degeneration thesis and policies to counter it. Kibbutzim, Pacific plywood cooperatives, Mondragon. Performance bonds and wage-earner investment funds.
- Block 5. Cooperativism in the finance sector (with a comparative international focus): building societies, credit unions, etc.
- Block 6. Community renewables: economic democracy in action.
Prerequisite
Basic high school maths.
Some basic knowledge of economics would be helpful but not essential.
Some basic knowledge of economics would be helpful but not essential.
Instructors
Donald A. R. George
Senior Lecturer (Associate Professor) of Economics
The University of Edinburgh
Rick Woodward
Lecturer in International Business
The University of Edinburgh
Juliette Summers
Lecturer in Management
University of St Andrews
Jelte Harnmeijer
Founding Partner
Scene Consulting
David Erdal
Hon. Research Fellow
University of St Andrews
Editor
The University of Edinburgh is a British university, founded in 1583 during a period of rapid development for the city of Edinburgh. It is considered to be one of the most prestigious universities in the world.
Having counted among its students inventors of the Industrial Revolution, it has more students than any other Scottish university and is one of the largest universities in the United Kingdom.
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