New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Week 5 Notes

by: Maddy Hodgman

Week 5 Notes ECON 105

Maddy Hodgman
GPA 3.83
Intro to Political Economy
Erbin Crowell

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

2/17 was a Monday schedule, so we did not have class. Here are the 2/19 class notes for Intro to Political Economy with Erbin Crowell, T-TR 11:30-12:45.
Intro to Political Economy
Erbin Crowell
Class Notes
intro to political economy, Econ, economy, Economics, political
25 ?




Popular in Intro to Political Economy

Popular in Economcs

This 5 page Class Notes was uploaded by Maddy Hodgman on Friday February 20, 2015. The Class Notes belongs to ECON 105 at University of Massachusetts taught by Erbin Crowell in Spring2015. Since its upload, it has received 141 views. For similar materials see Intro to Political Economy in Economcs at University of Massachusetts.


Reviews for Week 5 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/20/15
Thursday February 19 2015 Intro to Political Economy Week 5 Sectors and Industries Reflect development of cooperative enterprise over time in response to local needs philosophies frameworks What classifications are most effective in understanding cooperative enterprise To what degree have sectors supported cooperative development Do sectors help or hinder in terms of understanding coop impact and potential International Influence spread of Rochdale Model idea of patronage distribution based on how much money one has invested in the business key innovation of model How do coops fit or not fit within these different sectoral organizations Driving forces for development in the US from Cropp amp ZeuIi 1 Market failure monopoly power excess supply missing markets etc 2 Economic crises depressions recessions 3 New technology particularly in agriculture gt move towards more efficient farming 4 Farm organizations and cooperative advocates 5 Favorable public policy presidential interest legislative initiatives judicial interpretation Early American cooperation 1752 Philadelphia Contributionship founded by Benjamin Franklin 1780 African Mutual Aid Society Rhode Island 1810 dairy coop Goshen CT cheese coop S Trenton New Jersey 1842 Northampton Association of Education and Industry W Mass 1865 Chesapeake Marine Railway and Drydock Company Farm Organizations Thursday February 19 2015 The Grange Rebuild relationships among farmers after US Civil War 1875 endorsed Rochdale principles First major wave of agricultural coop development Farmers Alliance 1875 and American Society of Equity 1902 more political in approach Farm Bureau gt Murray Lincoln UMass alum Founded 1919 Support viability of family farms Founded major coops and mutuals Growmark Ag supply coop 67 billion 2011 Nationwide Mutual Insurance 26 billion 2011 National Farmers Union Farmers Educational and Cooperative Union of America 1902 Key role in Capper Volstead Act 1922 Cooperative Marketing Act 1926 Founded many agricultural coops and credit unions Farmers Union Central Exchange 1931 Became CHS largest USbased coop by revenue 32 billion in 2011 69th on Fortune 500 list by revenue 2012 Legal Framework 1865 First coop marketing statute 1920 Many states have basic agricultural coop law mirroring Rochdale principles Share ownership is limited Voting rights are linked to membership not investment One member one vote Thursday February 19 2015 Coops determine distribution of surplus Exemption from Antitrust Laws 1890 Sherman Act challenges industrial monopolies 1922 Capper Volstead Act provides limited exemption from antitrust law provided that Cooperative operates for mutual benefit of agricultural producers One member one vote rule is followed or dividends on stock is limited Nonmember business is less than 50 of the total business Government Support 1862 Landgrant college Act 1914 SmithLever Act cooperative agricultural extension services 1926 Cooperative Market ing Act Formalizes USDA support for agricultural coops through technical assistance and education 1933 Farm Credit Act Establishes a system of cooperative agricultural banks for producers now CoBank 1936 Rural Electrification Act Farmers organize utility coops Coop Classification Market Area Local coops lnterregional and National Coops Ownership Structure Centralized primary coops individual members Thursday February 19 2015 Federated secondary coops coops of cooperatives Hybrid coops combo of primary and secondary Other subsidiaries joint ventures holding companies New Generation Coops focus on valueadded higher member investment Wyoming Model investor membership sometimes voting Worker coops Common Federal Tax Treatment IRS SubchapterT A cooperative is a business that is owned financed and governed by the people who use its services user owned governed benefiting Earnings are allocated and distributed to members based on patronage rather than to investors based on equity or investment Coop members pay Federal income tax on their earnings generated on business conducted on a cooperative basis Primary Types User cooperatives Producers coops Worker cooperatives Social or community coops What types have been more successful and why More successful types User coops Thursday February 19 2015 user cooperatives member capital management service Producer coops market power Social and community coops customization of services clear contrast with capitalist enterprises Less successful types Worker cooperatives face particular challenges related to selfmanagement direct competition capital requirements standardization of production pressure to multinationalize tend to be concentrated in services Factors for Regional Success coops are stronger in regions where they are diversified across sectors have strong federations and associations cultural commitment to participation and are weaker where democracy and civic participation are weak influence of scale and conventional management is stronger


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Janice Dongeun University of Washington

"I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.