Works
- The firm in Illyria: market syndicalism, American Economic Review 48(4) (1958); reprinted in David F. Heathfield (ed.), The Economics of Co-Determination, Palgrave Macmillan, 1977, 1 to 25, 1958
In Organizational Structures
Known for
The theory of the labor-managed firm
Ideas
The Illyrian firm. In Ward's model of the firm in Illyria, a market firm whose directors are appointed, as in Yugoslavia, by the workers' council, the firm is run so that wages per worker, or what amounts to the same thing, profits per worker, are maximized. Caveat: A model, not a study; only passages of a 1977 reprint were read, not the 1958 article in the American Economic Review.
In this section, “read” means read by the Organizational Structures series: where a line says a work, or part of one, was not read, the series did not read it.