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Contract, Freedom, and Flourishing: The Implications of Spain’s Mondragon Cooperatives

In: Austrian Theory and Economic Organization

Author

Listed:
  • Gus DiZerega

Abstract

Historically, libertarians and other advocates of unregulated markets have argued that freedom of contract and secure property rights generate prosperity that lifts all boats toward greater wealth and well-being. This outcome seems to come from the logic of a contract: each party has something desired by the other and, upon making the exchange, each ends up with something that is more valuable to them than what they gave up. Everyone gains. At this abstract level the logic is impeccable.

Suggested Citation

  • Gus DiZerega, 2014. "Contract, Freedom, and Flourishing: The Implications of Spain’s Mondragon Cooperatives," Palgrave Macmillan Books, in: Austrian Theory and Economic Organization, chapter 0, pages 123-146, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36880-5_6
    DOI: 10.1057/9781137368805_6
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