Basic Information about The Citizen's Share

Title: The Citizen's Share: Putting Ownership Back into Democracy
Publisher: Yale University Press
Publication Date: November 4, 2013 (United States), Europe (January 31, 2013)
Details: Cloth,  6.1 x 9.2 inches, 304 pages, 1.4 pounds
ISBN-10: 0300192258
ISBN-13: 978-0300192254
Price: $38.00

Short Description:

The idea of workers owning the businesses where they work is not new. In America’s early years, Washington, Adams, Jefferson, and Madison believed that the best economic plan for the Republic was for citizens to have some ownership stake in the land, which was the main form of productive capital. This book traces the development of that share idea in American history and brings its message to today's economy, where business capital has replaced land as the source of wealth creation. Based on a ten-year study of profit sharing and employee ownership at small and large corporations, this important and insightful work makes the case that the Founders’ original vision of sharing ownership and profits offers a viable path toward restoring the middle class. Blasi, Freeman, and Kruse show that an ownership stake in a corporation inspires and increases worker loyalty, productivity, and innovation. Their book offers history-, economics-, and evidence-based policy ideas at their best.

Author Information:

Author: Joseph Blasi

Joseph Blasi holds the J. Robert Beyster Chair at the School of Management and Labor Relations at Rutgers University where he teaches the undergraduate and graduate courses in corporate governance. He has an Ed.D. from Harvard University. A sociologist, he has broad interdisciplinary research interests in the social, economic, and political development of the employee share ownership and the profit sharing idea in the United States. He is a Research Associate at the National Bureau of Economic Research. His research interests include economic sociology, the social and economic history of the corporation, and public policy. He has studied the relationship between the division of rewards, power, and prestige in organizations and performance using large datasets. His books and articles have addressed different systems of work and broad-based employee ownership, profit sharing, and stock options in corporations, countries, industry sectors, (such as Silicon Valley), and historical periods. Blasi has been quoted in The New York Times, The Wall Street Journal, The Financial Times, and Newsweek. Blasi has received the Lady Davis Fellowship at Hebrew University, the U.S. Government’s Fulbright Fellowship, the Mellon Foundation Fellowship at the School of Social Science at the Institute for Advanced Study in Princeton, New Jersey, and also a fellowship award at the School of Historical Studies at the Institute for Advanced Study in Princeton, New Jersey. Early in his career as a young lecturer in social studies at Harvard University, he also served as a legislative assistant in the U.S. House of Representatives. Blasi is Director of the Fellowship Program at Rutgers University’s School of Management and Labor Relations that supports young and emerging scholars in the area of employee share ownership and profit sharing nationally.


Author: Richard Freeman

Richard B. Freeman holds the Herbert Ascherman Chair in Economics at Harvard University. He is currently serving as Faculty co-Director of the Labor and Worklife Program at the Harvard Law School. He directs the Science and Engineering Workforce Project at the National Bureau of Economic Research, and is Senior Research Fellow in Labour Markets at the London School of Economics' Centre for Economic Performance. Professor Freeman is a Fellow of the American Academy of Arts and Science and is currently serving as a member of two panels of the AAAS, The Initiative for Science and Technology, and The Commission on the Humanities and Social Sciences. He is a member of two current Panels of the National Academy of Science, The Committee on Assuring a Future U.S.-based Nuclear Chemistry Expertise, and the Committee on National Statistics Panel on Developing Science, Technology and Innovation Indicators for the Future. He is also serving on the Sub-Committee on Biomedical Research Workforce Modeling, an NIH Advisory Committee to the Director. Freeman also served on six previous panels of the National Academy of Sciences, including the Committee on Capitalizing on the Diversity of the Science and Engineering Workforce in Industry, the Committee on National Needs for Biomedical and Behavioral Scientists, and the joint NAS, NAE and IM study on Policy Implications of International Graduate Students and Postdoctoral Scholars in the U.S. United States. Freeman received the Mincer Lifetime Achievement Prize from the Society of Labor Economics in 2006. In 2007 he was awarded the IZA Prize in Labor Economics. In 2011 he was appointed Frances Perkins Fellow of the American Academy of Political and Social Science.

Author: Douglas L. Kruse

Douglas Kruse is currently on leave from his academic position at Rutgers University as a Senior Economist at the Council of Economic Advisors. He is a professor and economist at the School of Management and Labor Relations at Rutgers University where he has taught labor economics. He has a Ph.D. in Economics from Harvard University. He is also a Research Associate at the National Bureau of Economic Research. He has conducted econometric studies on employee ownership, profit sharing, disability, worker displacement, pensions, and wage differentials. Among his books are Shared Capitalism at Work, which was edited with Richard Freeman and Joseph Blasi, and Profit Sharing: Does It Make A Difference?, which won Princeton's Richard A. Lester prize as the year's Outstanding Book in Labor Economics and Industrial Relations. His articles have appeared in journals such as Industrial and Labor Relations Review, Economic Journal, Monthly Labor Review, Brookings Review, and Industrial Relations. He has testified four times before Congress on his economic research, and conducted several studies for the U.S. Department of Labor and for the U.S. Department of Education's National Institute on Disability and Rehabilitation Research. He is also a Beyster Faculty Fellow at the School of Management and Labor Relations, an former editor of British Journal of Industrial Relations, a former member of the Board of Reviewers of Industrial Relations, and was appointed to New Jersey’s State Rehabilitation Council and the President’s Committee on Employment of People with Disabilities. Kruse is the former Director of the Ph.D. program in Industrial Relations and Human Resources at Rutgers University’s School of Management and Labor Relations.