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The best explanation for their success is that they provide superior benefits\n                    <jats:italic toggle=\"yes\">to their members<\/jats:italic>\n                    . The question addressed by this paper is whether cooperatives\n                    <jats:italic toggle=\"yes\">also<\/jats:italic>\n                    provide important benefits to society, such that non-members should prefer a cooperative economy to one dominated by business corporations. It has often been suggested that cooperatives are more virtuous because they are more democratic, less hierarchical, less anti-social and less apt to produce economic inequality. This paper evaluates these claims. 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