University of Wisconsin Center for Cooperatives
Journal of Agricultural Cooperation

Title Economic Nature of the Cooperative Association: A Perspective Appraisal
Author(s) Jeffrey S. Royer
Series Volume 9
Issue Date 1994
Abstract The purpose of this paper is to evaluate the part the Phillips article has played in the advancement of the neoclassical theory of cooperatives. Toward that end, we will examine the role Phillips gave the cooperative in his model and compare it to the roles and objectives assigned to the cooperative by other authors, both before and after publication of the Phillips article. This paper concludes with a summary of Phillips' contributions to cooperative theory.

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