Featured | Democratic Firms
European ESOP
The American Employee Stock Ownership Plan or ESOP is a leveraged buyout mechanism so that the employees in a company can, in effect, do a leveraged buyout of part or eventually all of their own company. ESOP is one of the most successful and unifying models for employee ownership in the world. The purpose of this paper is to analyze the main features of the US ESOP model and to define a technical description of the European ESOP, which builds on the good features of the US model and improves the flawed features.
Marcora Law for Europe
There is a time-tested solution in Spain and Italy that provides liquidity to such enterprises in a democratic manner by establishing employee ownership schemes. The new source of liquidity is allowing unemployed workers to capitalize part of their unemployment insurance to invest in a new or existing enterprise where they will have a job.
Featured | Development
Marcora Law for Europe
There is a time-tested solution in Spain and Italy that provides liquidity to such enterprises in a democratic manner by establishing employee ownership schemes. The new source of liquidity is allowing unemployed workers to capitalize part of their unemployment insurance to invest in a new or existing enterprise where they will have a job.
Comments on Universal Basic Income
This is a draft paper called “UBI: A Bad Idea Whose Time has Come?”. The income supplements supplied due to the coronavirus pandemic have put the UBI back on the policy agenda, so it is appropriate to re-examine the idea. Click here to download the paper.
Featured | Property Theory
Less-Known Supporters of Workplace Democracy
his paper, published as an editorial in the Journal for Participation and Employee Ownership collects together extensive quotations and extracts from 19th and 20th century thinkers who were little-known for being supporters of workplace democracy.
The “Ownership of the Firm” is a Myth (1975)
This paper was originally published in a journal: Ellerman, David. 1975. “The ‘Ownership of the Firm’ Is a Myth.” Administration and Society 7 (1 May): 27–42, and then we immediately reprinted in a collection of essays: Ellerman, David. 1975. “The ‘Ownership of the Firm’ Is a Myth.” In Organizational Democracy : Participation and Self-Management, edited by David Garson and Michael P. Smith. Beverly Hills CA: Sage Publications.
Featured | Quantum Mechanics
The new partitional approach to (literally) interpreting quantum mechanics
This paper presents a new `partitional’ approach to understanding or interpreting standard quantum mechanics (QM). The thesis is that the mathematics (not the physics) of QM is the Hilbert space version of the math of partitions on a set and, conversely, the math of partitions is a skeletonized set level version of the math of QM.
“Follow the Math” Preprint
The slogan “Follow the money” means that finding the source of an organization’s or person’s money may reveal their true nature. In a similar sense, we use the slogan “Follow the math!” to mean that finding “where the mathematics of QM comes from” reveals a good deal about the key concepts and machinery of the theory.
Featured | Mathematics
The new partitional approach to (literally) interpreting quantum mechanics
This paper presents a new `partitional’ approach to understanding or interpreting standard quantum mechanics (QM). The thesis is that the mathematics (not the physics) of QM is the Hilbert space version of the math of partitions on a set and, conversely, the math of partitions is a skeletonized set level version of the math of QM.
“Follow the Math” Preprint
The slogan “Follow the money” means that finding the source of an organization’s or person’s money may reveal their true nature. In a similar sense, we use the slogan “Follow the math!” to mean that finding “where the mathematics of QM comes from” reveals a good deal about the key concepts and machinery of the theory.
