Publications Books and Book Chapters Working Capital: The Power of Labor’s Capital (2001, Cornell University Press)Working Capital: The Power of Labor’s Capital (2001, Cornell University Press)
Working Capital: The Power of Labor’s Capital (2001, Cornell University Press)
Edited by Archon Fung, Tessa Hebb and Joel Rogers
Foreword by Leo W. Gerard, International President, United Steelworkers
U.S. pension funds are now worth more than $7 trillion. Many analysts believe that the most important task for the labor movement is to harness their share of this capital and develop strategies that help, rather than hurt, workers and unions. Working Capital challenges money managers and today’s labor movement by asking how workers’ hard-earned savings can be put to use in socially and economically progressive ways.
Responsibly managing pensions will create greater growth and prosperity in America, and the authors of Working Capitalshow that the long-term interests of pension plan beneficiaries are well served through a “worker-owners” view of the economy.
This book builds on the work of the Heartland Forum supported by the United Steelworkers of America, the AFL-CIO’s Center for Working Capital, the Steel Valley Authority, and several foundations, including the Ford Foundation and the Rockefeller Foundation. Together this will draw the wisdom of a number of experts on labor’s next best moves in the pension market.
Co-Editors
- Archon Fung is Ford Foundation Professor of Democracy and Citizenship,
John F. Kennedy School of Government, Harvard University. - Tessa Hebb is Director, Carleton Centre for Community Innovation Carleton University, Canada.
- Joel Rogers is Professor of Law, Political Science and Sociology at the University of Wisconsin–Madison; Director, Center on Wisconsin Strategy (COWS)
- Leo W. Gerard is International President of the United Steelworkers of America Purchase Book