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
June 1, 2020 by
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.
Worker Ownership and the Current Crisis
March 15, 2020 by
There are so many crises these days (coronavirus, global warming) that this paper seems already out of date since we are referring to the crisis caused by the neoliberal post-socialist transition policies in East Europe and elsewhere in the post-socialist world.
Panopticon vs. McGregor’s Theory Y
March 29, 2018 by
This paper is part of a larger project to better understand the limitations of the economic theory of agency and incentives. The economic approach focuses on extrinsic incentives whereas a better understanding of human organization requires an understanding of intrinsic motivation and the complementary or substitutive relationships with extrinsic motivation.
Knowledge and Institutional Change
January 5, 2017 by
This paper attempts set forth systematically some of the knowledge questions that determine certain strategies for institutional change.
Voucher Privatization with Investment Funds
January 5, 2017 by
This paper has been cited many times as the representative critique of voucher privatization with investment funds.
My Congressional Testimony on Iraq in 2003
November 6, 2016 by
This is my testimony to the Joint Economic Committee of Congress in 2003 making recommendations after the U.S. conquered Iraq and had to figure out what to do. Today, it can be read as a negative-blueprint since the U.S. seems to have done just the opposite on every count.
Autonomy-Respecting Assistance
October 9, 2016 by
This paper, written upon request for the UNDP volume on Capacity for Development and in time for a big conference in Mexico on the topic, is a good brief summary of my then forthcoming book, Helping People Help Themselves –even if I was screwed out of a sizable honorarium by one of the editors, Malik.
Neoclassical Economics as the New Social Engineering
February 29, 2016 by
This is a paper on the role of neoclassical economics in the disastrous “Big Bang” or “shock therapy” advice given by Western academics and Western advisory agencies to the post-socialist countries. It is part of the Oxford Handbook of Professional Economic Ethics.
Parallel Experimentation
February 5, 2014 by
The theme of parallel experimentation is used to recast and pull together dynamic and pluralistic theories in economics, political theory, philosophy of science, and social learning.