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Based on the historical facts of the development and evolution of Western workers’ cooperatives, and the scientific core of Marxian system analysis (historical materialism), this book provides a brand-new study of the emergence, development and development of workers’ cooperatives, the institutional analysis framework of change, and the Spanish cooperative group Mondragon as the main exemplified object. It tries to carry out an in-depth system analysis of the new changes and developments of the current Western workers’ cooperatives, and deeply explains the deep level of these new changes and developments. The mechanism reveals the most essential development and evolution law of worker cooperatives under the market economy, and points out their future development trends and reform directions, etc., so as to provide enlightenment and reference for the development of Chinese cooperatives, especially agricultural cooperatives.