I argue for an egalitarian conception of market exchange that places the idea of equal power at the center of a procedural evaluation of markets. I explain the fundamental concept of equal power in markets and show that the egalitarian conception gives us a remedial basis for society shaping markets so that they allow a significant place for worker participation in firms. I use the phrase “worker participation” to mean that workers participate in the authoritative direction of the firm. This can include collective bargaining and worker management to introduce the kind of flexibility that is desirable in regulating market economies. Worker participation is a remedy to the presence of rigidities in markets that strongly favor authoritarian firms and that follow from and maintain unequal power in markets. The argument differs from the traditional argument that draws a parallel between state and firm, and so does not entail a general requirement of worker participation. It allows for some degree of participation of owners of capital also in the governance of firms.

中文翻译：

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工人参与和公平市场交换的平等观念

我主张市场交换的平等主义概念，将平等权力的理念置于市场程序评估的中心。我解释了市场中平等权力的基本概念，并表明平等主义概念为我们塑造市场的社会提供了补救基础，以便为工人参与企业提供重要的场所。我用“工人参与”这个词来表示工人参与公司的权威指导。这可以包括集体谈判和工人管理，以引入监管市场经济所需的灵活性。工人参与是对市场中存在的僵化现象的一种补救措施，这种僵化强烈有利于专制企业，并遵循并维持市场中的不平等权力。这一论点不同于将国家与企业相提并论的传统论点，因此并不需要工人参与的一般要求。它允许资本所有者在一定程度上参与公司治理。