Abstract
There are numerous apparently viable but obscure alternatives to the profit-maximizing firm that focus on alternative strategies such as profit satisficing or creating sustainable employment. Among the most successful of these has been a group of worker owned and managed firms called the Mondragón Cooperatives. The success of such ventures hinges upon maintaining a common set of values and developing appropriate institutional structures that deal with issues of distributive justice and internal hierarchies.
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Bibliography
Herman, Edward S. 1981. Corporate Control, Corporate Power. New York: Cambridge University Press.
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Johnson, R.D. (2017). The Mondragón Alternative. In: Rediscovering Social Economics. Perspectives from Social Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-51265-5_11
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DOI: https://doi.org/10.1007/978-3-319-51265-5_11
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-51264-8
Online ISBN: 978-3-319-51265-5
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