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[PEN-L:1738] Re: Social Democracy and Utopia

It's certainly the case that worker-managed firms don't lay off their
members in downturns (very much). But--at least the last time I talked to
Laura Tyson about this--she did say that it really seemed true that
worker-managed firms had a very difficult time expanding in response to
increased demand. But I don't know nearly as much about this as I should...


Brad DeLong
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