The Danish EOT is an unworkable model for employee ownership and thus no solution for the growing problem of business succession. The failure of the model is analyzed in this paper.
Historical Copies of ICA Model By-Laws for a Worker Cooperative
December 23, 2025 by
These copies of the Industrial Cooperative Association (ICA) Model By-Laws go from an early version from the late 1970s to the mature version in the early 1980s. Also included are a report from the late 1980s on how to set up a democratic worker ownership trusts written for Zimbabwe plus a law journal article on the 1982 Massachusetts law on Employee Cooperative Corporations.
Marginal Productivity Theory versus Labor Theory of Property
November 11, 2025 by
This paper shows that MP theory can also be formulated in a mathematically equivalent way using vectorial marginal products–which however conflicts with the “distributive shares” picture.
On Employee Ownership Trusts (EOTs)
October 30, 2025 by
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
October 11, 2025 by
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
September 19, 2025 by
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.
The Mean and Variance as Dual Concepts
June 16, 2025 by
This paper gives a new derivation of the variance (and covariance) based on the two-sample approach, which positions the variance on the partition and information theory side of the duality and thus dual to the mean.
Generative Mechanisms
June 10, 2025 by
The purpose of this paper is to abstractly describe the notion of a generative mechanism
that implements a code and to provide a number of examples including the DNA-RNA machinery that
implements the genetic code, Chomsky’s Principles & Parameters model of a child acquiring a specific
grammar given ‘chunks’ of linguistic experience (which play the role of the received code), and embryonic
development where positional information in the developing embryo plays the role of the received code.
Are Corporations the Problem?
May 26, 2025 by
Are corporations the problem? Can reforms in the area of corporate responsibility (e.g., more stakeholder governance) lead to any real changes? The goal of the paper is to analyse debates concerning the Citizens United case, corporate personhood, the stakeholder theory, the affected interests principle and, finally, deeper fallacies with respect to the rights of capital embedded in Marxism and conventional economic theories of capital and corporate finance.