On Market Socialism

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 democratic means in order for worker-managed organisations to outnumber capitalistic ones. Providing a comprehensive insight into these models, Jossa examines the relations between political power and economic democracy, ownership and bankruptcy risks within democratic organisations. Using the theories of Marx and Engels, the book offers a new model of socialism, allowing for a worker-led system and suppressing capitalism, whilst inviting a more theoretical approach without the suppression of markets. Thought-provoking in its approach, On Market Socialism will provide an excellent resource for policy makers in labour and political economics and also scholars of the history of economics and radical economics.