Zusammenfassung:
The paper briefly summarizes those arguments which explain the paucity of workers' cooperatives under capitalism in terms of their financing arrangements. The possibility is considered that a wage-earners' investment fund, of Scandinavian type, could act as an external funding agency for a 'cooperative sector' within a capitalist economy. A simple model is developed of such an economy with a fund in place. The dynamics of the model are analyzed and a number of simulation results reported. These results indicate the economic costs and consequences of various policies which such a fund might pursue.