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Industrial democracy is an arrangement which involves workers making decisions, sharing responsibility and authority in the workplace. While in participative management organizational designs workers are listened to and take part in the decision-making process, in organizations employing industrial democracy they also have the final decisive ...
A Committee of Enquiry into Industrial Democracy was set up by the Labour government of Harold Wilson in December 1975, in response to the European Commission's Draft Fifth Company Law Directive which sought to harmonise worker participation in management of companies across Europe. Its terms of reference started with the words,
He made contributions in his early writings about industrial democracy and workers' self-management. The theory of guild socialism was developed and popularised by G. D. H. Cole who formed the National Guilds League in 1915 and published several books on guild socialism, including Self-Government in Industry (1917) and Guild Socialism Restated ...
Economic and Industrial Democracy is a quarterly peer-reviewed academic journal that covers research on industrial relations and the organization of the workplace and economic life. The journal was established in 1980 and is published by SAGE Publications in association with the Department of Economic History of Uppsala University .
George Douglas Howard Cole (25 September 1889 – 14 January 1959) was an English political theorist, economist, historian, and novelist. As a believer in common ownership of the means of production, he theorised guild socialism (production organised through worker guilds).
Schumpeter's most popular book in English is probably Capitalism, Socialism and Democracy. While he agrees with Karl Marx that capitalism will collapse and be replaced by socialism, Schumpeter predicts a different way this will come about. While Marx predicted that capitalism would be overthrown by a violent proletarian revolution, which ...
The League for Industrial Democracy (LID) was founded as a successor to the Intercollegiate Socialist Society in 1921. Members decided to change its name to reflect a more inclusive and more organizational perspective.
In 1921 the Intercollegiate Socialist Society (ISS) was transformed into the League for Industrial Democracy (LID). With the change in name, the organization broadened its scope to become a more of a general educational society that included not only collegians and alumni, but also non-collegians in its ranks and activities.