{"product_id":"democratizing-the-corporation-isbn-9781804294536","title":"Democratizing the Corporation","description":"\u003cb\u003eWorker representation is the first step toward democratizing the economy\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAlthough contemporary Western societies refer to themselves as “democratic,” the bulk of the population spend much of their lives in workplaces that have more in common with tyranny. Gigantic corporations such as Amazon, Meta, Exxon, and Walmart are among the richest and most powerful institutions in the world yet accountable to no one but their shareholders. The undemocratic nature of conventional firms generates profound problems across society, hurting more than just the workplace and contributing to environmental destruction and spiraling inequality.\u003cbr\u003e\u003cbr\u003eAgainst this backdrop, Isabelle Ferreras proposes a radical but realistic plan to democratize the private firm. She suggests that all large firms should be bicamerally governed, with a chamber of worker representatives sharing equal governance power with the standard board representing owners. In response to this proposal, twelve leading experts on corporate behavior from multiple disciplines consider its attractiveness, viability, and achievability as a “real utopian” proposal to strengthen democracy in our time.\u003ci\u003ePreface\u003c\/i\u003e\u003cbr\u003e \u003ci\u003eAcknowledgments\u003c\/i\u003e\u003cbr\u003e \u003ci\u003eIntroduction\u003c\/i\u003e, Tom Malleson and Joel Rogers\u003cbr\u003e\u003cbr\u003e \u003cb\u003eI. The Proposal\u003c\/b\u003e\u003cbr\u003e 1. Democratizing the Corporation: The Proposal of the Bicameral Firm, \u003ci\u003eIsabelle Ferreras\u003cbr\u003e\u003c\/i\u003e\u003cbr\u003e \u003cb\u003eII. Democracy at Work\u003c\/b\u003e\u003cbr\u003e 2. The Progressive Era’s Public Firm, \u003ci\u003eCarly R. Knight\u003c\/i\u003e\u003cbr\u003e 3. Workplace Democracy, the Bicameral Firm, and Stakeholder Theory, \u003ci\u003eMarc Fleurbaey\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e \u003cb\u003eIII. The Corporation and the Law\u003c\/b\u003e\u003cbr\u003e 4. Fallacies about Corporations: Comments on “Democratizing the Corporation,” \u003ci\u003eDavid Ellerman\u003c\/i\u003e\u003cbr\u003e 5. Prospects for Democratizing the Corporation in US Law, \u003ci\u003eRobert F. Freeland\u003c\/i\u003e\u003cbr\u003e 6. Economic Democracy at Work: Why (and How) Workers Should Be Represented on US Corporate Boards, \u003ci\u003eLenore Palladino\u003cbr\u003e\u003c\/i\u003e\u003cbr\u003e \u003cb\u003eIV. Nuts and Bolts of Economic Bicameralism\u003c\/b\u003e\u003cbr\u003e 7. Islands and the Sea: Making Firm-Level Democracy Durable, \u003ci\u003eMax Krahé\u003c\/i\u003e\u003cbr\u003e 8. Are Bicameral Firms Preferable to Codetermination or Worker Cooperatives? \u003ci\u003eThomas Ferretti and Axel Gosseries\u003c\/i\u003e\u003cbr\u003e 9. Learning from Cooperatives to Strengthen Economic Bicameralism, \u003ci\u003eSimon Pek\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e \u003cb\u003eV. Economic Democracy: The Big Picture\u003c\/b\u003e\u003cbr\u003e 10. The Prospects for Economic Democracy: Learning from Sweden as Failed Case, \u003ci\u003eBo Rothstein\u003c\/i\u003e\u003cbr\u003e 11. Ferreras and the Economic Democracy Debate, \u003ci\u003eChristopher Mackin\u003c\/i\u003e\u003cbr\u003e 12. Five Principles of Economic Democracy, \u003ci\u003eEwan McGaughey\u003c\/i\u003e\u003cbr\u003e 13. Economic Democracy against Racial Capitalism: Seeding Freedom, \u003ci\u003eSanjay Pinto\u003cbr\u003e\u003c\/i\u003e\u003cbr\u003e \u003cb\u003eVI. Conclusion\u003c\/b\u003e\u003cbr\u003e 14. A Response to My Readers, \u003ci\u003eIsabelle Ferreras\u003cbr\u003e\u003c\/i\u003e\u003cbr\u003e \u003ci\u003eNotes\u003c\/i\u003e\"An essential book and a crucial discussion in order to rethink economic democracy and the structure of power relations within firms. A must-read!\"\u003cbr\u003e\u003cb\u003e—Thomas Piketty (PSE-ENS, Paris)\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\"The idea that power should be held to account is widely accepted, but has been woefully neglected in economic relations. Ferreras' path breaking idea to govern firms like democratic governments by dividing rather than centralizing power offers a fertile ground for reimagining firms in the 21st century.\"\u003cbr\u003e\u003cb\u003e—Katharina Pistor (Edwin B. Parker Professor of Comparative Law \u0026amp; Director, Center on Global Legal Transformation, Columbia Law School, NYC)\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\"A landmark publication for anyone who believes that capitalism is not the end of history. We deserve a more democratic, just and sustainable economy, one step towards which might well be Isabelle Ferreras's visionary plan for economic bicameralism.\"\u003cbr\u003e\u003cb\u003e—Hélène Landemore (Full Professor in the Political Science department, Yale University Distinguished Researcher, Institute for Ethics in AI at the University of Oxford)\u003c\/b\u003eThe Real Utopias Project is a long running book and conference series initiated by Erik Olin Wright. It was meant to combine rigorous social scientific analysis with visions of the world as it ought to be. This will be the first RUP book to be written since Erik Olin Wright's death.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTom Malleson\u003c\/b\u003e is associate professor of Social Justice \u0026amp; Peace Studies at King’s University College at Western University. They are the Coordinator of the Real Utopias Project series. Their latest books include \u003ci\u003eAfter Occupy: Economic Democracy for the 21st Century \u003c\/i\u003e(Oxford University Press), \u003ci\u003eFired Up About Capitalism\u003c\/i\u003e (Between the Lines Press), and \u003ci\u003ePart-Time for All: A Care Manifesto\u003c\/i\u003e (co-authored with Jennifer Nedelsky and forthcoming from Oxford University Press). They are also a long-time social justice activist and organizer. www.tommalleson.com\u003cbr\u003e\u003cbr\u003e\u003cb\u003eIsabelle Ferreras \u003c\/b\u003eis a sociologist (PhD Louvain 2004), and a political scientist (MSc Massachusetts Institute of Technology, 2004). She also studied at the Harvard Trade Union Program (Certificate, Harvard, 2005). She is a senior tenured fellow (\u003ci\u003emaître de recherches\u003c\/i\u003e) of the Belgian National Science Foundation (F.N.R.S.-F.R.S., Brussels), a professor of sociology at the University of Louvain (Louvain-la-Neuve, Belgium) where she is a permanent research of the CriDIS (IACCHOS-Centre for interdisciplinary research Democracy, Institutions, Subjectivity, Louvain), and a senior research associate of the Labor and Worklife Program at Harvard Law School (Cambridge, MA). Isabelle Ferreras has been elected President of the Royal Academy of Science, Humanities, and the Arts of Belgium, Director of its Technology and Academy Class (2021-2022).\u003cbr\u003ewww.isabelleferreras.net\u003cbr\u003eTwitter: @Ferreras_Isa\u003cbr\u003e\u003cbr\u003e\u003cb\u003eJoel Rogers\u003c\/b\u003e is the Noam Chomsky Professor of Law, Political Science, Public Affairs, and Sociology at the University of Wisconsin-Madison, where he also directs COWS, the national resource and strategy center on high-road development that also operates the Mayors Innovation Project, State Smart Transportation Initiative (with Smart Growth America), and ProGov21. Rogers has written widely on party politics, democratic theory, and cities and urban regions. Along with many scholarly and popular articles, his books include \u003ci\u003eThe Hidden Election, On Democracy, Right Turn, Metro Futures, Associations and Democracy, Works Councils, Working Capital, What Workers Want, Cites at Work, and American Society: How It Really Works.\u003c\/i\u003e Joel is an active citizen as well as academic. He has worked with and advised many politicians and social movement leaders, and has initiated and\/or helped lead several progressive NGOs (including the New Party (now the Working Families Party], EARN (Economic Analysis and Research Network], WRTP (Wisconsin Regional Training Partnership], Apollo Alliance (now part of the Blue Green Alliance], Emerald Cities Collaborative, State Innovation Exchange, and EPIC-N (Educational Partnership for Innovation in Communities Network). He is a contributing editor of \u003ci\u003eThe Nation\u003c\/i\u003e and \u003ci\u003eBoston Review\u003c\/i\u003e, a MacArthur Foundation Fellow, and identified by \u003ci\u003eNewsweek\u003c\/i\u003e as one of the 100 living Americans most likely to shape U.S. politics and culture in the 21st century.","brand":"Verso","offers":[{"title":"Default Title","offer_id":46305405698277,"sku":"NP9781804294536","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781804294536.jpg?v=1767724985","url":"https:\/\/k12savings.com\/products\/democratizing-the-corporation-isbn-9781804294536","provider":"K12savings","version":"1.0","type":"link"}