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Scale, Scope and Survival: A Comparison of Labour-Managed and Capitalist Modes of Production


Author Info

  • Natália Pimenta Monteiro

    (Universidade do Minho - NIPE)

  • Geoff Stewart

    (Economics Division, University of Southampton)


This paper draws on a comprehensive data set from Portugal to address three central themes in the labour-managed rm (LMF) literature: the types of activity undertaken by LMFs, their scale of operation and their survival prospects. The data allow individual rms to be tracked over a 25 year period and for comparisons to be made with capitalist rms. We nd rst, that the industrial distribution of LMFs is markedly di¤erent to that of capitalist rms and to the standard characterisation of the pattern of LMF activity. Second, LMFs are, on average, more than twice the size of their capitalist counterparts and third, the survival prospects of LMFs considerably exceed those of capitalist rms.

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Bibliographic Info

Paper provided by NIPE - Universidade do Minho in its series NIPE Working Papers with number 8/2012.

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Date of creation: 2012
Date of revision:
Handle: RePEc:nip:nipewp:8/2012

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Postal: Núcleo de Investigação em Políticas Económicas, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal
Phone: +351-253604510 ext 5532
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Keywords: Labour-managed rms; cooperatives; capitalist rms;

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