1st Edition

Political Economy of the Firm Authority, Governance, and Economic Democracy

By Helena Lopes, Christophe Clerc Copyright 2024
146 Pages
by Routledge

146 Pages
by Routledge

146 Pages
by Routledge

An alternative theory of the firm is needed that helps better understand the nature and actual functioning of firms as well as the challenges raised by digital platform firms. In defining firms as economic collective ventures organised by political means, this book offers a “political economy” vision of firms. Specifically, the book provides an authority-based conception of the firm that... Read more

Introduction   Chapter 1: The agency theory of the firm – Discarding authority and the collective   Chapter 2: Authority in work organisations – Definitions and challenges   Chapter 3: The firm considered from the work standpoint – Why do workers cooperate?   Chapter 4: Governance models and the constituent parties of the company   Chapter 5: The pluralistic model of corporate governance    Chapter 6: Digital labour platforms – Algorithmic authority?   Epilogue: Using the concepts developed in the book to address the ecological transition

Biography

Helena Lopes is Full Professor at Iscte-University Institute of Lisbon (Department of Political Economy) and senior researcher at Dinâmia’Cet-Iscte.

Christophe Clerc is a lawyer. He teaches at Sciences Po Paris the allocation of power within firms and is a corporate governance expert for the European Commission.

"[T]his book provides readers with a deep and comprehensive analysis of the concept of authority, advocating for democracy and liberating workers from being mere subjects of capital under an economically individualistic ontology. The author carefully reflects on conventional practices, acknowledging their shortcomings and lack of equitable representation while ensuring that other authority holders are not disregarded. Given these considerations, this book stands as a compelling and valuable resource."

Saiful Anwar, Critical Policy Studies