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The investor-owned corporation is the conventional form for structuring large-scale enterprise in market economies. But it is not the only one. Even in the United States, noncapitalist firms play a vital role in many sectors. Employee-owned firms have long been prominent in the service professions--law, accounting, investment banking, medicine--and are becoming increasingly important in other industries. The buyout of United Airlines by its employees is the most conspicuous recent instance. Farmer-owned produce cooperatives dominate the market for most basic agricultural commodities. Consumer-owned utilities provide electricity to one out of eight households. Key firms such as MasterCard, As...
On the eve of the financial crisis, the USA was inhabited by almost 70 percent homeowning households, in comparison to about 45 percent in Germany. Homeownership, Renting and Society presents new evidence showing that this homeownership gap already existed between American and German cities around 1900. Existing explanations based on culture, government housing policy or typical socio-economic factors have difficulties in accounting for these long-term cross-country differences. Using historical case studies on Germany and the USA, the book identifies three institutional domains on the supply-side of the housing market – urban land, housing finance and construction – that set countries o...
This text offers an overview of the size, scope, structure, historical development and current policy environment of the German nonprofit sector.
The German Yearbook on Business History is a source of insights into the entrepreneurial economy of the 19th and 20th centuries. It contains translations of topical journal articles and informative reviews of results and trends in business history research. As in the previous Yearbooks, the authors of this volume are experts in economic theory and practice whose contributions cover a wide spectrum.
Contributors examine Euro-American consumer cooperation in order to challenge the assumption that these consumer economies, institutions, and cultures were necessarily and inevitably capitalist, individualistic, and apolitical. Topics include the political economy of consumer cooperation in Belgium, 1860-1980; the rise and fall of working-class cooperatives in the US; French consumer cooperation, 1885-1930; consumer cooperation in Denmark, 1850-1940; and the consumer co-op in Japan: building democratic alternatives to state-led capitalism. Annotation copyrighted by Book News, Inc., Portland, OR
The statutory obligation of all cooperatives to be affiliated to an auditing federation is a German speciality and is considered one of the reasons why there are relatively few cooperatives in Germany. Small cooperative companies, in particular, are often established as a registered association (e.V), a rather complex legal form, to avoid the costs entailed by a registered cooperative. Kaltenborn uses a wealth of material to prove that mandatory affiliation to auditing federations (Anschlusszwang), introduced with the amendment to the German Cooperative Societies Act in 1934, did not aim to enhance the economic resilience of cooperatives but was nothing more than the implementation of the National-Socialist Führerprinzip in the cooperative system.
This book suggests how good loans can be made to individuals and firms at the 'frontier'. This frontier is not geographic, but market based. On one side are those parts of the legitimate economy that are not usually considered creditworthy by formal financial institutions, and on the other are the generally more prosperous entities that do have access to formal finance. Good loans are loans that are repaid according to the terms agreed on when they were issued. It examines how lending at the frontier can be remunerative to commercial banks, development banks and other development finance agencies that retail credit and assume credit risk. Remunerative lending is important because most lender...
Wer sich mit Bankgeschichte besch�ftigt, wei�, da� es oft schwierig ist, die historischen Quellen ausfindig zu machen. Der vorliegende Band will fuer den Bereich der Kreditwirtschaft ein Wegweiser sein, der ueber die vorhandenen Materialien in privaten und �ffentlichen Archiven informiert. In dem Band "Archive der deutschen Kreditwirtschaft" werden die Ergebnisse einer schriftlichen Umfrage von ca. 1.500 Institutionen der Kreditwirtschaft in Ost- und Westdeutschland pr�sentiert. Die Zusammenstellung gibt Aufschlu� ueber das Material, das in den Archiven vorhanden ist, ueber Findmittel, Sondersammlungen, Literatur, Ansprechpartner und Nutzungsm�glichkeiten. Darueber hinaus sind auch die �ffentlichen Archive aufgefuehrt, die Archivmaterial zur Kreditwirtschaft vorliegen haben. Den Herausgebern ist es ein Anliegen, mit diesem Band nicht nur die bankhistorische Forschung zu unterstuetzen und voranzutreiben, sondern auch zur Gruendung und Pflege weiterer Archive in der Kreditwirtschaft anzuregen.
An overview of the development of cooperatives over the last fifty years, addressing the major challenges that they face in the future.