Featured | Democratic Firms
On Employee Ownership Trusts (EOTs)
This paper explores the Employee Ownership Trust (EOT) model, comparing it with traditional partnerships and employee ownership structures like the US ESOPs and the European Coop-ESOPs.
Market Valuations are Inappropriate for Employee-Owned Firms
Any `fair market valuation’ of an employee-owned firm or partnership that assumes those future residuals accrue to the current shareholder/residual-claimants is inappropriate.
Featured | Development
Tocqueville and Employee Ownership
There seems to be two rather different philosophies of aid to development and poverty relief. (1) The progressive/social-democratic approach is for the government or aid agencies to do more and more good things for people. (2) The classical-liberal approach is to change the underlying conditions so that people are empowered to do good things for themselves. In this paper, we analyze Alexis de Tocqueville’s approach to these questions in his First Memoir and his (unfinished) Second Memoir on Pauperism.
Featured | Property Theory
On Employee Ownership Trusts (EOTs)
This paper explores the Employee Ownership Trust (EOT) model, comparing it with traditional partnerships and employee ownership structures like the US ESOPs and the European Coop-ESOPs.
Market Valuations are Inappropriate for Employee-Owned Firms
Any `fair market valuation’ of an employee-owned firm or partnership that assumes those future residuals accrue to the current shareholder/residual-claimants is inappropriate.
Featured | Quantum Mechanics
The Basic Ideas of Quantum Mechanics
For a century, quantum theorists have been reading the mathematical entrails of quantum mechanics (QM) to divine the nature of quantum reality. But to little avail. Let’s try a new approach.
Born Again! The Born Rule as a Feature of Superposition
Where does the Born Rule come from? We ask: “What is the simplest extension of probability theory where the Born rule appears”? This is answered by introducing “superposition events” in addition to the usual discrete events.
Featured | Mathematics
Market Valuations are Inappropriate for Employee-Owned Firms
Any `fair market valuation’ of an employee-owned firm or partnership that assumes those future residuals accrue to the current shareholder/residual-claimants is inappropriate.
The Basic Ideas of Quantum Mechanics
For a century, quantum theorists have been reading the mathematical entrails of quantum mechanics (QM) to divine the nature of quantum reality. But to little avail. Let’s try a new approach.
