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Edward Elgar Publishing Economic Theory of Socialism and Labour-Managed Firms

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Description

The Economic Theory of Socialism and the Labour-Managed Firm presents a comprehensive examination of market socialism and labour-managed firms as viable economic models. This book argues that market socialism represents the only rational form of socialism, with labour-managed firms emerging as the optimal configuration within this framework. The work begins with a rigorous critical analysis of historical contributions to the economic theory of socialism, establishing essential context for contemporary debate. The second section explores the economic theory of labour-managed firms in depth, addressing key challenges including adverse labour-supply curves, underinvestment problems, monitoring mechanisms and the separation of ownership and control. Published by Edward Elgar Publishing, this scholarly work engages with fundamental questions about economic systems, firm governance and the viability of socialist economic organisation in modern markets.

Key Features

Focuses on market socialism and labour-managed firms as the most rational form of socialist economic organisation.

Includes critical review of historical contributions to economic theory of socialism from leading theorists.

Examines adverse labour-supply curves, underinvestment and monitoring challenges specific to labour-managed firms.

Addresses the separation of ownership and control within labour-managed firm structures and implications for governance.

Published by Edward Elgar Publishing Ltd, a respected academic publisher specialising in economics and business titles.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
06 March 1997
Listed Since
15 December 2006

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