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Workers' Self-management
Workers' self-management, also referred to as labor management and organizational self-management, is a form of organizational management based on self-directed work processes on the part of an organization's workforce. Self-managed economy, Self-management is a defining characteristic of socialism, with proposals for self-management having appeared many times throughout the history of the socialist movement, advocated variously by Democratic socialism, democratic, Libertarian socialism, libertarian and Market socialism, market socialists as well as anarchists and communists. There are many variations of self-management. In some variants, all the worker-members manage the enterprise directly through assemblies while in other forms workers exercise management functions indirectly through the election of specialist managers. Self-management may include worker supervision and oversight of an organization by elected bodies, the election of specialized managers, or self-directed ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management
Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a Government agency, government bodies through business administration, Nonprofit studies, nonprofit management, or the political science sub-field of public administration respectively. It is the process of managing the resources of businesses, governments, and other organizations. Larger organizations generally have three Hierarchy, hierarchical levels of managers, organized in a pyramid structure: * Senior management roles include the board of directors and a chief executive officer (CEO) or a President (corporate title), president of an organization. They set the strategic goals and policy of the organization and make decisions on how the overall organization will operate. Senior managers are generally executive-level professionals who provide direction to middle management. Compare governance. * Middle management roles include branch managers, regional managers, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Participatory Economy
Participatory economics, often abbreviated parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of a socialist decentralized planned economy involving the collective ownership of the means of production. It is a proposed alternative to contemporary capitalism and centralized planning. This economic model is primarily associated with political theorist Michael Albert and economist Robin Hahnel, who describes participatory economics as an anarchist economic vision. The underlying values that parecon seeks to implement are: equity, solidarity, diversity, workers' self-management, efficiency (defined as accomplishing goals without wasting valued assets), and sustainability. The institutions of parecon include workers' and consumers' councils utilising self-manager ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Classical Liberal
Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics and civil liberties under the rule of law, with special emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. Classical liberalism, contrary to progressive branches like social liberalism, looks more negatively on social policies, taxation and the state involvement in the lives of individuals, and it advocates deregulation. Until the Great Depression and the rise of social liberalism, classical liberalism was called economic liberalism. Later, the term was applied as a retronym, to distinguish earlier 19th-century liberalism from social liberalism. By modern standards, in the United States, the bare term ''liberalism'' often means social or progressive liberalism, but in Europe and Australia, the bare term ''liberalism'' often means classical liberalism. Classical liberalism gained full flow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free-market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutualism (economic Theory)
Mutualism is an anarchist school of thought and economic theory that advocates for workers' control of the means of production, a free market made up of individual artisans, sole proprietorships and workers' cooperatives, and occupation and use property rights. As proponents of the labour theory of value and labour theory of property, mutualists oppose all forms of economic rent, profit and non-nominal interest, which they see as relying on the exploitation of labour. Mutualists seek to construct an economy without capital accumulation or concentration of land ownership. They also encourage the establishment of workers' self-management, which they propose could be supported through the issuance of mutual credit by mutual banks, with the aim of creating a federal society. Mutualism has its roots in the utopian socialism of Robert Owen and Charles Fourier. It first developed a practical expression in Josiah Warren's community experiments in the United States, which he est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierre-Joseph Proudhon
Pierre-Joseph Proudhon (, ; ; 1809 – 19 January 1865) was a French anarchist, socialist, philosopher, and economist who founded mutualist philosophy and is considered by many to be the "father of anarchism". He was the first person to call himself an ''anarchist'', using that term, and is widely regarded as one of anarchism's most influential theorists. Proudhon became a member of the French Parliament after the Revolution of 1848, whereafter he referred to himself as a '' federalist''. Proudhon described the liberty he pursued as the synthesis of community and individualism. Some consider his mutualism to be part of individualist anarchism while others regard it to be part of social anarchism.The Anarchist FAQ Collective; McKay, Ian, ed. (2008/2012). ''An Anarchist Faq''. I/II. Oakland/Edinburgh: AK Press. . . Proudhon, who was born in Besançon, was a printer who taught himself Latin in order to better print books in the language. His best-known assertion is that " p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gregory Dow
Gregory Keith Dow (born February 2, 1954) is an economist at Simon Fraser University who has contributed to the economics of participation and particularly to research on worker cooperatives. He received his Ph.D. from the University of Michigan in 1981 with a thesis "Investment under uncertainty : the capital market and the behavior of the firm" He is the author of the 2003 book ''Governing the Firm: Workers' Control in Theory and Practice'' (Cambridge University Press, 2003). According to WorldCat WorldCat is a union catalog that itemizes the collections of tens of thousands of institutions (mostly libraries), in many countries, that are current or past members of the OCLC global cooperative. It is operated by OCLC, Inc. Many of the O ..., the book is held in 773 libraries. His most recent book, ''The Labor-Managed Firm: Theoretical Foundations'' attempts to build a theoretical foundation in order to explain the overwhelming preeminence of capital-managed firms viz. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jaroslav Vaněk
Jaroslav Vaněk (20 April 1930 – 15 November 2017) was a Czech American economist and professor emeritus of Cornell University known for his research on economics of participation (labour-managed firms, worker cooperatives) and, in his earlier career, on the theory of international trade. He graduated (matura) from a high-school in Prague, and left/emigrated shortly after the Czechoslovak coup d'état of 1948, communist putsch of 1948. He received his diploma in statistics, mathematics and economics at the University of Paris, Sorbonne (1952), and a postgraduate degree in economics at the University of Geneva (1954). In 1955 he left for the US, where in 1957 he received his PhD from the Massachusetts Institute of Technology. In 1964 he became professor of economics, and in 1969 of the international economics at Cornell University, where he directed from 1970 his program ''Participation and Labor Managed Systems'', he also worked on strategies for its implementation in post-comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evsey Domar
Evsey David Domar (, ''Domashevitsky''; April 16, 1914 – April 1, 1997) was a Russian-American economist, famous as developer of the Harrod–Domar model. Life Evsey Domar was born on April 16, 1914, in the Polish city of Łódź, which was part of Russia at that time. He was raised and educated in Russian Manchuria in the Russian Far East, then emigrated to the United States in 1936. He received a Bachelor of Arts from UCLA in 1939, a Master of Science from the University of Michigan in 1940, a Master of Science from Harvard University in 1943, and a doctorate from Harvard in 1947. In 1946 Evsey Domar married Carola Rosenthal. The couple had two daughters. He was a professor at the Carnegie Institute of Technology, The University of Chicago, the Johns Hopkins University and then at the Massachusetts Institute of Technology from 1957 until the end of his career. Evsey Domar was president of the Association for Comparative Economics and a member of several other academic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Curve
In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object. Supply is often plotted graphically as a supply curve, with the price per unit on the vertical axis and quantity supplied as a function of price on the horizontal axis. This reversal of the usual position of the dependent variable and the independent variable is an unfortunate but standard convention. The supply curve can be either for an individual seller or for the market as a whole, adding up the quantity supplied by all sellers. The quantity supplied is for a particular time period (e.g., the tons of steel a firm would supply in a year), but the units and time are often omitted in theoretical presentations. In the goods market, supply is the amount of a product per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Objective Function
In mathematical optimization and decision theory, a loss function or cost function (sometimes also called an error function) is a function that maps an event or values of one or more variables onto a real number intuitively representing some "cost" associated with the event. An optimization problem seeks to minimize a loss function. An objective function is either a loss function or its opposite (in specific domains, variously called a reward function, a profit function, a utility function, a fitness function, etc.), in which case it is to be maximized. The loss function could include terms from several levels of the hierarchy. In statistics, typically a loss function is used for parameter estimation, and the event in question is some function of the difference between estimated and true values for an instance of data. The concept, as old as Laplace, was reintroduced in statistics by Abraham Wald in the middle of the 20th century. In the context of economics, for example, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Branko Horvat
Branko Horvat (24 July 1928 – 18 December 2003) was a Croatian economist and politician. Horvat was born in Petrinja on 24 July 1928. In 1944 during World War II, Horvat and his father Artur Horvat joined the Partisan movement in Croatia. He worked a long time at the Institute of Economic Sciences, the former Planning Institute of the Socialist Federal Republic of Yugoslavia. He was the editor of the journal ''Economic Analysis and Worker’s Self-Management'', and collaborator of the journal ''Praxis'' (of the Praxis School), to which he contributed much from an economic viewpoint, though he was never a member of the group. He was also a member of the Economic Institute of Zagreb. Horvat tried to unite democratic forces on a common platform, but without much success. He was highly critical of the economic policy of the Franjo Tuđman government (as he was before of the communist). A democratic socialist, he advocated a model of market socialism, dubbed the ''Illyrian model ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
