This text examines the structural, economic, and operational frameworks that define the cooperative business enterprise as a distinct organizational model. Martin Abraham Abrahamsen, an expert in agricultural economics, synthesizes decades of research to explain how cooperatives function differently from investor-owned firms. He argues that the unique relationship between the cooperative and its patrons necessitates specific management strategies and governance structures to ensure long-term viability. The book provides a comprehensive analysis of the principles that govern member-owned organizations.

Experts frequently cite this work as a foundational text for understanding the mechanics of cooperative business management. Readers often note the academic density of the prose, which is tailored for students and practitioners of agricultural economics.