Ellerman, David <br/><br/>
On the role of capital in "capitalist" and in labor-managed firms 

 -  2007 
 - p.5-26. 
 - Winter 
<br/><br/> This article outlines the "fundamental myth" about the structure of property rights in a capitalist economy, namely the idea that being the residual claimant in a productive opportunity is part of a bundle of property rights known as the "ownership of the firm". Residual claimancy is contractually determined so there is no such "ownership". The fundamental myth exposes a basic fallacy in capital theory that has hitherto escaped attention in the capital theory debates. - Reproduced. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Right to property