000 00920pab a2200169 454500
008 180718b2007 xxu||||| |||| 00| 0 eng d
100 _aEllerman, David
245 _aOn the role of capital in "capitalist" and in labor-managed firms
260 _c2007
300 _ap.5-26.
362 _aWinter
520 _aThis 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.
650 _aRight to property
773 _aReview of Radical Political Economics
908 _aN
909 _a74614
999 _c74614
_d74614