The Economic Theory of Socialism and the Labour-managed Firm

The Economic Theory of Socialism and the Labour-managed Firm PDF

Author: Bruno Jossa

Publisher: Edward Elgar Publishing

Published: 1997

Total Pages: 442

ISBN-13:

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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 socialism. The book begins with a critical review of the contributions to the economic theory of socialism. The second part discusses the economic theory of labour-managed firms and pays particular attention to the adverse labour-supply curve, underinvestment, monitoring and the separation of ownership and control. The final chapters discuss problems such as the control of economic activity in labour-managed firms, worker motivation and incentives. This book will be of particular use to students and academics interested in comparative economic systems and to specialists in politics and sociology with an interest in alternative forms of economic organization.

A New Model of Socialism

A New Model of Socialism PDF

Author: Bruno Jossa

Publisher: Edward Elgar Publishing

Published: 2018-04-27

Total Pages: 256

ISBN-13: 1788117832

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Economic democracy is essential for creating a truly democratic political sphere. This engaging book uses Marxist theory to hypothesise that capitalism is not a democratic system, and that a modern socialist system of producer cooperatives and democratically managed enterprises is urgently needed. A New Model of Socialism focuses on the current crisis of the political Left, a result of the collapse of the Soviet model of society and the decline of statism and kingship. Bruno Jossa expands on existing theories to explore Marx's notions on economic democracy in a modern setting. He advocates a move away from the centralised planning form of economic socialism towards a self-management system for firms that does not prioritise the interests of one class over another, in order to achieve greater economic democracy. It is argued that the establishment of such a system of democratic firms is the precondition for reducing intervention in the economy, thus enabling the State to perform its ultimate function of serving the public interest. This timely book is ideal for advanced scholars of Marxist, radical and heterodox economic theory, as well as academics with an interest in the rise of socialism in our modern world. Indeed, it will also be of value to all those seeking a viable and practical alternative to existing capitalist and socialist thinking.

The General Theory of Labor-managed Market Economies

The General Theory of Labor-managed Market Economies PDF

Author: Jaroslav Vanek

Publisher: Ithaca : Cornell University Press

Published: 1970

Total Pages: 440

ISBN-13:

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Monograph presenting an economic theory in support of a new economic system based on workers' self-management (workers participation) - covers the equilibrium of a competitive enterprise and changing market conditions, the decentralization of decision making, labour supply functions, economic policy problems, 'income sharing' (wages) and wage incentive, the allocation of economic resources, legal aspects and basic institutional forms of the labour-managed economy, etc. Diagrams and references.

Labour Managed Firms and Post-Capitalism

Labour Managed Firms and Post-Capitalism PDF

Author: Bruno Jossa

Publisher: Routledge

Published: 2016-11-25

Total Pages: 250

ISBN-13: 1315299496

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Marx claims that unselfishness is a child of (workplace) culture, whereas the gene is selfish. If Marx is right then the prerequisite for overthrowing capitalism is a system which both leverages selfishness and creates solidarity between workers. This book illustrates and discusses the major points of the economic theory of producer cooperatives, its evolution since the 1950s, and links with Marxian theory. Labour Managed Firms and Post-Capitalism, most importantly, demonstrates that a system of producer cooperatives offers a wealth of advantages compared to capitalism. There is general agreement that the main benefit of this form of economic democracy is that people who are allowed to freely pursue their interests are happier than those acting on somebody else’s instruction. The author argues that a system of democratic firms would eradicate classical (high-wage) unemployment and scale down both Keynesian and structural unemployment levels. He also shows that a system of producer cooperatives literally reverses the capital-labour relationship typical of capitalism and that its establishment can consequently be looked upon as a revolution. This volume is of great interest to academics, lecturers and researchers with an interest in Marxism, political economy and industrial economics, as well as economic theory and philosophy.

The Labor-Managed Firm

The Labor-Managed Firm PDF

Author: Gregory K. Dow

Publisher:

Published: 2018

Total Pages:

ISBN-13: 9781108518260

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This book uses economic theory to argue that labor-managed firms are rare due to market failures rather than any inherent organizational defects

A Future for Socialism

A Future for Socialism PDF

Author: John E. Roemer

Publisher: Harvard University Press

Published: 1994

Total Pages: 196

ISBN-13: 9780674339460

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In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.

The Labor-Managed Firm

The Labor-Managed Firm PDF

Author: Gregory K. Dow

Publisher: Cambridge University Press

Published: 2018-04-05

Total Pages: 431

ISBN-13: 1107132975

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This book uses economic theory to argue that worker-controlled firms are rare due to market failures rather than inherent organizational defects. The book will be of interest to scholarly researchers, graduate students, and advanced undergraduates in economics, especially in industrial organization, labor economics, comparative economics, organizational economics, and finance.

Marx Economic Theory Volume 2

Marx Economic Theory Volume 2 PDF

Author: Ernest Mandel

Publisher: NYU Press

Published: 1969

Total Pages: 413

ISBN-13: 0853451583

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CONTENTS: Introduction - Labour, Necessary product, Surplus Product - Exchange, Commodity, Value - Money, Capital, Surplus-value - The Development of Capital - The Contradictions of Capitalism - Trade - Credit - Money - Agriculture- Reproduction and the Growth of National Income - Periodical Crises - Monopoly Capitalism - Imperialism - The Epoch of Capitalist Decline - The Soviet Economy - The Economy of the Transition Period - Socialist Economy - Origin, Rise and Withering Away of Political Economy- Bibliography - Index

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