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Books > Social sciences > Politics & government > Political ideologies > Socialism & left-of-centre democratic ideologies
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The Economic Theory of Socialism and the Labour-managed Firm - Markets, Socialism and Labour Management (Hardcover)
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The Economic Theory of Socialism and the Labour-managed Firm - Markets, Socialism and Labour Management (Hardcover)
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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.
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