Introduction -- Historical materialism and democratic firm management -- A system of producer cooperatives -- Democratic firm management and socialism -- More advantages of a system of democratic firms -- Unemployment in a system of producer cooperatives -- Democratic socialism and income...

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...