Governing the Firm

Advanced praise: ‘It’s been a long time since the appearance of so important a book on worker participation and the governance of enterprises. Dow lays out the states of our knowledge and of our ignorance clearly and readably, inviting us to join him in thinking about what might be the next steps forward. No better introduction to the subject matter is available.’ Louis Putterman, Brown University ‘In market economies, most firms are owned and managed by those who supply financial capital, not by the people who work in them. Why? This is a topic that sometimes generates more heat than light. However, in this dispassionate analysis, Greg Dow perceptively examines the rich and diverse literature on this topic and comes up with important insights. This book will immediately become the standard reference on worker ownership and management and is thoroughly recommended for both specialist and non-specialist alike.’ John Pencavel, Stanford University ‘What difference does it make when workers rather than capital owners control firms, electing managers, and owning (for better or worse) the fruits of their labor? Greg Dow’s Governing the Firm provides the economic analysis and empirical facts based on the experience production cooperatives around the world to answer this question. It’s the best book on the subject.’ Samuel Bowles, University of Massachusetts, Amherst

Tedy Bruschi has been a linebacker with the New England Patriots for eleven years, playing in four Super Bowls and winning three. He has also been named to the Pro Bowl. He is an official spokesman for the American Stroke Association. He lives in North Attleboro, Massachusetts, with his wife, Heidi, and their three sons. Michael Holley is the author of the New York Times bestseller Patriot Reign: Bill Belichick, the Coaches, and the Players Who Built a Champion . A former sports columnist who has worked at the Boston Globe and the Chicago Tribune, he currently cohosts the Dale & Holley show on Boston’s WEEI, the No.1-rated sports radio station in America.