Brain drain and development

This paper analyzes the literature on migration and development focusing on the skilled labor brain drain problem.

Critique of Microfinance

This was my first published critique of the microfinance development fad.

Property Appropriation and Theory of the Firm

This is the first of my papers published by Warren Samuels who became a great supporter of this property theoretic analysis.

Marxian Exploitation Theory

This 1983 paper in a philosophical journal analyzes the Marxian labor theory of value and exploitation as an incorrect and superficial theory.

The Labor Theory of Property

This is a 1985 paper in a philosophical journal spelling out the labor theory of property.

The Legitimate Opposition at Work

This paper addresses the need for some union-like legitimate opposition in a largely worker-owned company.

The Legal Structure of Worker Cooperatives

This is the first paper to analyze all the different varieties of worker-owned firms as well as conventional firms in terms of how they parse the bundle of rights in a firm.

Horizon Problem and its Solution

This is the paper that explained how the system of internal capital accounts solves the Furubotn-Pejovich horizon problem that occurs in labor-managed firms with “social equity” like in a non-profit company.

Generalized-Ultraproducts

Published version of my 1971 PhD dissertation in mathematics.

Foundations-of-Self-Management-1975

This old typescript was probably the first written and published version of the argument for worker self-management (as we called it in those days) based on democratic theory and the labor theory of property seen as the property application of the usual principle of imputing legal responsibility in accordance with de facto responsibility.