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PhD student Spencer Thompson publishes article on worker cooperatives

last modified Mar 30, 2015 03:26 PM

Here are details of the newly published article by PhD student Spencer Thompson:



Title: "Towards a social theory of the firm: Worker cooperatives reconsidered"


Abstract: "This paper argues that the predominant economic theories of the firm neglect the importance of cooperation based on trust and loyalty, and that as a result, their criticisms of worker cooperatives are incomplete. While competence-based theories tend to focus exclusively on coordination and thus fail to acknowledge that the development and application of productive knowledge also involves cooperation, contract-based theories cling to a rigid model of behaviour that does not account for the type of cooperation thus involved. Thus, although contract-based theories denigrate cooperatives for failing to achieve cooperation, cooperatives may in fact be more propitiously situated than conventional firms to achieve the cooperation involved in the development and application of productive knowledge. Meanwhile, although competence-based theories imply that cooperatives are incapable of achieving coordination, cooperatives may in fact be more propitiously situated than conventional firms to achieve coordination without incurring potentially adverse effects on cooperation. This ability, however, may be suppressed by a hostile institutional environment, which biases both the options available to individuals and the way they perceive those options against cooperatives. Although inter-cooperative associations can alleviate this institutional bias, they involve structural and cultural obstacles of their own."

We are delighted and proud to see that the Centre has gone from no.8 (2015) to no.6 (2016) to no.4 (2017) in the field of Development Studies in the QS Survey. This would not have been possible without the dedication and hard work from everyone within the Centre.

Message from the director: You will be pleased to know that we have moved up from 8 in 2015 to 6 this year in the QS world ranking for Development Studies. This is a remarkable result and a great tribute to the tremendous efforts of the whole team of teachers and administrators. It's a fantastic result! Professor Peter Nolan

Congratulations to PhD student Nungari Mwangi who was awarded the 2016 Andrew E Rice Award from the Society for International development!

Dr Fennell high level facilitator at WSIS 2016

We are pleased to announce that Dr Fennell has been appointed as High Level Track Facilitator at the World Summit on the Information Society Forum.