This is the “famous” 3-hats paper that first laid out the ICA model for a worker cooperative and that clarified how different rights would be assigned to different functional roles (“hats”) in a worker cooperative.
The Democratic Corporation
December 6, 2012 by
This is a law-journal treatment, coauthored with Peter Pitegoff, of the theory and practice of worker ownership in the US in the early 1980s.
Intellectual Trespassing as a Way of Life: Essays in Philosophy, Economics, and Mathematics
December 3, 2012 by
Dramatic changes or revolutions in a field of science are often made by outsiders or ‘trespassers,’ who are not limited by the established, ‘expert’ approaches. Each essay in this diverse collection shows the fruits of intellectual trespassing and poaching among fields such as economics, Kantian ethics, Platonic philosophy, category theory, double-entry accounting, arbitrage, algebraic logic, series-parallel duality, and financial arithmetic.
Knowledge-Based Development Assistance
December 2, 2012 by
This paper explores the problems of development assistance that focuses on knowledge instead of capital. The vision of the World Bank as a “Knowledge Bank” is a case in point.
Hirschmanian Themes of Social Learning and Change
December 2, 2012 by
There are a number of themes that converge to suggest “Hirschmanian” alternatives to centralized top-down social engineering models of reform, social change, and development. Hirschman responded to the balanced growth, big push, and development planning models with an alternative framework of “unbalanced growth.” The limited powers of cognition and implementation of central authorities in the face of the complexity of organizational, institutional, and social realities do not give much hope for social engineering approaches. Learning, experimentation, and a one-size-does-not-fit-all pragmatism are basic to any alternative to the planning, command, and control models of development.
Labour Migration: A Developmental Path or a Low-level Trap?
December 2, 2012 by
Migration issues are much discussed today. Our topic is the debate about the developmental impact of migration on the sending countries. Throughout the post-WWII period, temporary labor migration (e.g., South-east Europe to West Europe or Mexico to the United States) has been promoted as a path to development. Remittances have grown to rival or surpass official development assistance and have increased the living standards in the sending countries. However, the evidence over the decades is that the remittances do not lead to development or even to higher incomes sustainable without further migration.
How Do We Grow? Jane Jacobs on Diversification and Specialization
December 2, 2012 by
This recent paper from Challenge (May-June 2005) gives an expanded treatment of Jane Jacobs’ economic thought focusing on her theory of development and growth (or the lack thereof). In particular, it explains her remarkably insightful and unorthodox treatment of the issues of specialization and comparative advantage.
Can the World Bank be Fixed?
December 2, 2012 by
Not really. If the goal of development assistance is to foster autonomous development, then most aid and “help” is actually unhelpful in the sense of either overriding or undercutting the autonomy of those being “helped.” The two principal forms of unhelpful “help” are social engineering and charitable relief. The World Bank is the primary example over the last half century of the failures of social engineering to “engineer” development.
The Democratic Worker-Owned Firm
December 2, 2012 by
My second book was the 1989 The Democratic Worker-Owned Firm. The book was revised for the Chinese translation, and that is the version that can be downloaded here. This book develops the labor theory of property and democratic theory arguments for a democratic firm, and analyzes the connection between those principles and the legal structure of the firms.
Economics, Accounting, and Property Theory
December 1, 2012 by
This is my first book. In order to develop a mathematical model of the stocks and flows of property inside a firm, I first had to give a math model of the usual double-entry accounting for the stocks and flows of the scalar value, and then generalize it to vectors of property rights.