"Bruno Jossa expertly illustrates that the creation of a system of cooperative firms is tantamount to a revolution giving rise to a new production mode capable of reversing the existing relationship between capital and labour. The book also demonstrates a revolution enacted by peaceful and...

1. Marx, Lenin and the cooperative movement -- 2. Is Marxism compatible with modern economic theory? -- 3. The problem of investment funding in labour-managed firms -- 4. Under-investment in labour-managed firms -- 5. Alchian and Demsetz's critique of labour-managed firms -- 6. On rational...

Contents: 1. Production modes, Marx's method and the feasible revolution -- 2. The coopererative firm as an alternative to the capital-owned business enterprise -- 3. A few advantages of economic democracy -- 4. Marx, Marxism and the cooperative movement -- 5. Recent criticisms of the labour...

Contents: Preface Introduction: The cooperative firm as an alternative to the capital-owned business enterprise -- 1. Democratic firms and socialism -- 2. An up-to-date model of marxism: A socialist system without any communist colouring -- 3. The revolutionary impetus of marxism versus...

The Economic Theory of Socialism and the Labour-Managed Firm focuses on market socialism and the relevant debate among economic theorists. It argues that market socialism is the only rational form of socialism and that market socialism with labour-managed firms is by far the best form of market...