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Cooperation

In: Sidney and Beatrice Webb

Author

Listed:
  • David Reisman

    (University of Surrey
    Nanyang Technological University)

Abstract

Cooperation to the Webbs was the essence of socialism. Labour would take control of capital. Profits would no longer be paid to idle absentees. Consumer cooperatives on the Rochdale model were sharing the surplus with their members. Local and central government were de facto cooperatives in that they supplied free goods to the community and ranked use value above exchange. Producer cooperatives in the sense of Robert Owen, the Christian socialists or G.D.H. Cole’s Guildsmen were more suspect. Selfish and inward-looking, they opted out of their duty to society as a whole.

Suggested Citation

  • David Reisman, 2022. "Cooperation," Great Thinkers in Economics, in: Sidney and Beatrice Webb, chapter 0, pages 89-114, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-3-031-10008-6_6
    DOI: 10.1007/978-3-031-10008-6_6
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