Contents: 1. Production modes, Marx's method and the feasible revolution -- 2. The coopererative firm as an alternative to the capital-owned business enterprise -- 3. A few advantages of economic democracy -- 4. Marx, Marxism and the cooperative movement -- 5. Recent criticisms of the labour...

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...