Thoughts on Corporations East and West

  • Masahiko Aoki


During my trip to China, I spent time deep in conversation with Iwao Nakatani, my friend from Harvard days, and Masayuki Iwata, a specialist on socialist economics, as we rode the bus to Dazhai, the “agricultural model district.” At that time the two of them were researching “labor-managed firms,” where the power is held not by stockholders but by the workers. The model for this type of firm originated from Yugoslavian firms, and this theory was being advanced in Europe and the U.S. We talked about how Japanese firms have a workers’ authority aspect as well.

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© The Author(s) 2018

Authors and Affiliations

  • Masahiko Aoki
    • 1
  1. 1.Stanford UniversityStanfordUSA

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