ABSTRACT
This chapter argues for three considerations in favour of worker participation in the governance of firms. Worker participation, in the sense of the workers of a firm collectively playing a central role in the authoritative direction of the firm, can be defended as instrumentally bringing about greater equality of outcomes in the market without sacrificing efficiency. It also is a remedy for the failure of markets to realise equality of power among persons in markets. And it instrumentally enhances the quality of political participation among the worse off parts of society. These three considerations are mutually reinforcing. Worker participation can take different forms: unions with collective bargaining, worker cooperatives, and co-determination. I leave it open to collective choice as to which form is best for the particular markets and communities at issue.
