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Publicly Available Published by De Gruyter Oldenbourg January 12, 2016

Comment on Ramon Flecha and Ignacio Santa Cruz. The Priority of Labor and Capital Accounts

  • David Ellerman
From the journal Analyse & Kritik


Two aspects of the fine Flecha-Cruz paper can be usefully elaborated. The Mondragon cooperatives differ not only from capitalist firms but also from most other cooperatives in the doctrine of the 'priority of labor over capital' which means that the people working in any sort of cooperative will be members and will not be rented as employees. Also the Mondragon system of internal capital accounts solves the equity-structure problem that has plagued many modern cooperatives structured as non-profits or traditional worker cooperatives with 'membership shares'.

Online erschienen: 2016-1-12
Erschienen im Druck: 2011-5-1

© 2011 by Lucius & Lucius, Stuttgart

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