Reclaiming Public Ownership: Making Space for Economic Democracy
Abstract
*** Winner of the Myrdal Prize for Evolutionary Political Economy *** The last few years have seen the spectacular failure of market fundamentalism in Europe and the US, with a seemingly never-ending spate of corporate scandals and financial crises. As the environmental limits and socially destructive tendencies of the current profit-driven economic model become daily more self-evident, there is a growing demand for a fairer economic alternative, as evidenced by the mounting campaigns against global finance and the politics of austerity. Reclaiming Public Ownership tackles these issues head on, going beyond traditional leftist arguments about the relative merits of free markets and central planning to present a radical new conception of public ownership, framed around economic democracy and public participation in economic decision-making. Cumbers argues that a reconstituted public ownership is central to the creation of a more just and sustainable society. This book is a timely reconsideration of a
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Uncertainty remains regarding the net employment effects due to several uncertainties surrounding macro-economic feedback loops playing out at the global level.
“Gross employment effects seem likely to be posiƟve; however, uncertainty remains regarding the net employment effects due to several uncertainƟes surrounding macro-economic feedback loops playing out at the global level.”
From Connecting the sustainable development goals by their energy inter-linkages (2018) · cites this paper as Cumbers (2012)
The distributional effects experienced by individual actors may vary significantly.
“Moreover, the distribuƟonal effects experienced by individual actors may vary significantly.”
From Connecting the sustainable development goals by their energy inter-linkages (2018) · cites this paper as Cumbers (2012)
Deploying renewables and energy-efficient technologies, when combined with other targeted monetary and fiscal policies, can help spur innovation and reinforce local, regional, and national industrial and employment objectives.
“Deploying renewables and energy-efficient technologies, when combined with other targeted monetary and fiscal policies, can help spur innovaƟon and reinforce local, regional, and naƟonal industrial and employment objecƟves.”
From Connecting the sustainable development goals by their energy inter-linkages (2018) · cites this paper as Cumbers (2012)
Gross employment effects of deploying renewables and energy-efficient technologies seem likely to be positive.
“Gross employment effects seem likely to be posiƟve; however, uncertainty remains regarding the net employment effects due to several uncertainƟes surrounding macro-economic feedback loops playing out at the global level.”
From Connecting the sustainable development goals by their energy inter-linkages (2018) · cites this paper as Cumbers (2012)
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- Authors
- Cumbers, A.
- Corresponding author
- Cumbers, Andrew
- ORCID
- Cumbers, Andrew
- Venue
- Zed Books Ltd
- Publisher
- Zed Books Ltd
- Published
- 2012
- OpenAlex
- W4255787427
- Cited by
- 128
- References
- 0
- Citations by year
- 2026: 5 · 2025: 7 · 2024: 11 · 2023: 5 · 2022: 28 · 2021: 7 · 2020: 10 · 2019: 18 · 2018: 10 · 2017: 4 · 2016: 5 · 2015: 12 · 2014: 4 · 2013: 2
- FWCI
- 6.25
- Type
- book
- Language
- en
- Open access
- closed
- Locations
- Zed Books Ltd (publishedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Political Economy and Marxism
- Social Sciences › Business, Management and Accounting › Strategy and Management › Cooperative Studies and Economics
- Social Sciences › Sociology and Political Science › Economic and Social Issues
- Keywords
- public ownership, economic democracy, market fundamentalism, financial crisis, corporate scandals, austerity, international finance, sustainable society, economic justice, alternatives to capitalism
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