The Economic Theory Of Socialism And The Labour-Managed Firm
Markets, Socialism and Labour Management
Bruno Jossa, Professor of Political Economy and Gaetano Cuomo, Research Fellow in Political Economy, University ‘Federico II’ of Naples, Italy
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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.
Contents: Introduction: Labour Management and Socialism 1. Economic Calculation in Socialism: Early Contributions 2. Socialism and Market: Lange’s Contribution and Marxist Theory 3. Liberalist Criticisms of the Lange Model 4. Socialism with Autonomous Firms 5. On the Taxonomy of Economic Systems 6. Market Socialism and Income Distribution 7. An Introduction to the Theory of the Labour-managed Firm 8. Equilibrium of the Self-managed Firm 9. Criticism of Ward’s Model 10. Self-managed Firms and Underinvestment 11. Property Rights and the Financing of the Cooperative Firm 12. Neo-institutionalism and the Cooperative Firm 13. Self-managment and the Social Foundation of Character 14. Conclusion Index