a.) Why do she and other contributors think that this alternative structure (co-operative) could be desirable for workers and for society? You may answer this by comparing characteristics of cooperative firms and top-down managed firms and by briefly discussing one of the downsides to the cooperative business structure. b.) If the co-operative work organization structure is so desirable, give reasons cited from the readings and videos as to why it is not more common to find them throughout the economy? Video and article sources include: video: "Workers to Owners: The Story of A Child's Place"; video: "Noam Chomsky - Worker-Owned Enterprises"; "Why the U.S. Needs More Worker-Owned Companies". When citing reasons give author and location of the idea by putting the name of the author and location of the idea in parentheses. For example, (Chomsky, 2 min., 15sec) or (Folbre, paragraph 3). c.) If the worker- owners of a co-operative firm work hard building their co-op and end up earning zero (normal) economic profit for the year, would this be considered a failed co-operative business to an economist? Why or why not? Explain what normal profit and economic profit mean and how it fits into the cooperative business assuming it is operating in a perfectly competitive market as a perfectly competitive firm. This discussion question has three parts, a, b, and, c. Be sure to answer all three parts: In her article, "Co-op Economics", Nancy Folbre proposes a dramatically different power structure at the level of the individual firm, with workers democratically controlling the enterprises where they work.
a.) Why do she and other contributors think that this alternative structure (co-operative) could be desirable for workers and for society? You may answer this by comparing characteristics of cooperative firms and top-down managed firms and by briefly discussing one of the downsides to the cooperative business structure. b.) If the co-operative work organization structure is so desirable, give reasons cited from the readings and videos as to why it is not more common to find them throughout the economy? Video and article sources include: video: "Workers to Owners: The Story of A Child's Place"; video: "Noam Chomsky - Worker-Owned Enterprises"; "Why the U.S. Needs More Worker-Owned Companies". When citing reasons give author and location of the idea by putting the name of the author and location of the idea in parentheses. For example, (Chomsky, 2 min., 15sec) or (Folbre, paragraph 3). c.) If the worker- owners of a co-operative firm work hard building their co-op and end up earning zero (normal) economic profit for the year, would this be considered a failed co-operative business to an economist? Why or why not? Explain what normal profit and economic profit mean and how it fits into the cooperative business assuming it is operating in a perfectly competitive market as a perfectly competitive firm. This discussion question has three parts, a, b, and, c. Be sure to answer all three parts: In her article, "Co-op Economics", Nancy Folbre proposes a dramatically different power structure at the level of the individual firm, with workers democratically controlling the enterprises where they work.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter9: Price Takers And The Competitive Process
Section: Chapter Questions
Problem 12CQ
Related questions
Question
Transcribed Image Text:a.) Why do she and other contributors think that this alternative structure (co-operative) could be desirable for workers and for
society? You may answer this by comparing characteristics of cooperative firms and top-down managed firms and by briefly discussing
one of the downsides to the cooperative business structure. b.) If the co-operative work organization structure is so desirable, give
reasons cited from the readings and videos as to why it is not more common to find them throughout the economy? Video and article
sources include: video: "Workers to Owners: The Story of A Child's Place"; video: "Noam Chomsky - Worker-Owned Enterprises";
"Why the U.S. Needs More Worker-Owned Companies". When citing reasons give author and location of the idea by putting the name
of the author and location of the idea in parentheses. For example, (Chomsky, 2 min., 15sec) or (Folbre, paragraph 3). c.) If the worker-
owners of a co-operative firm work hard building their co-op and end up earning zero (normal) economic profit for the year, would this
be considered a failed co-operative business to an economist? Why or why not? Explain what normal profit and economic profit mean
and how it fits into the cooperative business assuming it is operating in a perfectly competitive market as a perfectly competitive firm.
Transcribed Image Text:This discussion question has three parts, a, b, and, c. Be sure to answer all three parts: In her article, "Co-op Economics", Nancy Folbre
proposes a dramatically different power structure at the level of the individual firm, with workers democratically controlling the
enterprises where they work.
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