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
Partitions, Objective Indefiniteness, and Quantum Reality
This paper is a shorter introductory paper following up on my recent “Follow the Math!” paper in the Foundations of Physics. The point is to show that the mathematics of QM is the vector (Hilbert) space version of the mathematics of partitions at the set level. Since partitions are the math tool to describe indefiniteness[Read More…]
Abstraction in Math and Superposition in QM
Abstraction turns equivalence into identity, but there are two ways to do it. The goal is to use the second notion of abstraction to shed some light on the notion of an inde finite superposition in quantum mechanics.
Featured | Mathematics
Partitions, Objective Indefiniteness, and Quantum Reality
This paper is a shorter introductory paper following up on my recent “Follow the Math!” paper in the Foundations of Physics. The point is to show that the mathematics of QM is the vector (Hilbert) space version of the mathematics of partitions at the set level. Since partitions are the math tool to describe indefiniteness[Read More…]
Abstraction in Math and Superposition in QM
Abstraction turns equivalence into identity, but there are two ways to do it. The goal is to use the second notion of abstraction to shed some light on the notion of an inde finite superposition in quantum mechanics.
