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...

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...