The purpose of this paper is to delve into three side-arguments or themes about democratic enterprises (as opposed to considering first principles). Approach: 1) The first theme is the question of capital structure where labor-managed firms are often pictured as having "horizon problem." Yet...

This paper is divided into two parts. The first part outlines the fundamental myth about the structure of property rights in a capitalist economy, namely the idea that being the residual claimant in a productive opportunity is part of a bundle of property rights known variously as ownership of...