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Cooperative economics developed as both a theory and a concrete alternative to industrial capitalism in the late 1700s and early 1800s. As such, it was a form of stateless socialism. The term socialism, in fact, was coined in The Cooperative Magazine in 1827.[ 2 ] Such socialisms arose in response to the negative effects of industrialism, where ...
The Rochdale Society of Equitable Pioneers, founded in 1844, was an early consumers' co-operative, and one of the first to pay a patronage dividend, forming the basis for the modern co-operative movement. [1] Although other co-operatives preceded it, [2] the Rochdale Pioneers co-operative became the prototype for societies in Great Britain.
The cooperative movement began in Europe in the 19th century, primarily in Britain and France. The Industrial Revolution and the increasing mechanisation of the economy transformed society and threatened the livelihoods of many workers. The concurrent labour and social movements and the issues they attempted to address describe the climate at ...
Cooperative federalism is the school of thought favouring consumers' cooperative societies. The cooperative federalists have argued that consumers' cooperatives should form cooperative wholesale societies (by forming cooperatives in which all members are cooperatives, the best historical example being the English CWS) and that these federal cooperatives should undertake purchasing farms or ...
Collective farming and communal farming are various types of "agricultural production in which multiple farmers run their holdings as a joint enterprise". [1] There are two broad types of communal farms: agricultural cooperatives, in which member-owners jointly engage in farming activities as a collective; and state farms, which are owned and ...
The 19th century saw further development with the formation of the Boston Mechanics' and Laborers' Mutual Benefit Association in 1845, inspired by the British Rochdale Pioneers. This period set the stage for the expansion of cooperative movements in the United States. The early 20th century saw a surge in consumer co-ops, especially during the ...
Elinor Claire " Lin " Ostrom (née Awan; August 7, 1933 – June 12, 2012) was an American political scientist and political economist [1][2][3] whose work was associated with New Institutional Economics and the resurgence of political economy. [4] In 2009, she was awarded the Nobel Memorial Prize in Economic Sciences for her "analysis of ...
The Rochdale Principles are a set of ideals for the operation of cooperatives. They were first set out in 1844 by the Rochdale Society of Equitable Pioneers in Rochdale, England, and have formed the basis for the principles on which co-operatives around the world continue to operate. The implications of the Rochdale Principles are a focus of ...