Producer Cooperatives as a New Mode of Production
Language: English
Published by Taylor & Francis, 2014
Series: Book 154 of 375 - Routledge Frontiers of Political Economy
- Hardcover
- New
Condition: New
£ 127.35
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- Title
- Producer Cooperatives as a New Mode of Production
- Author
- Bruno Jossa (`Federico II´ University, Naples, Italy)
- Publisher
- Taylor & Francis
- Publication year
- 2014
- Condition
- New
- Binding
- Gebunden
- Language
- English
- ISBN 10
- 0415719887
- ISBN 13
- 9780415719889
- Series
- Book 154 of 375: Routledge Frontiers of Political Economy
The notion that there is no alternative to capitalism emerged after the fall of the Berlin Wall and made rapid headway due to increasing economic globalisation. More recently, this belief that there is no viable alternative has held firm despite the financial crisis, high unemployment levels and an ever-increasing gap between rich and poor.
However, since the appearance of Benjamin Ward’s seminal 1958 article, economic theorists have been developing a workable alternative: a system of self-managed firms. The core argument outlined in this book is that a well-organised system of producer cooperatives would give rise to a new mode of production and, ultimately, a genuinely socialist society.
This argument is developed through three key steps. First, following on from Jaroslav Vanek’s definition, it is argued that a ‘Labour-Managed Firm’, a firm which strictly segregates capital incomes from labour incomes, would implement a new production mode because it would reverse the pre-existing relation between capital and labour. Second, given that a system of these ‘Labour-Managed Firm’ cooperatives would reverse the capital-labour relationship, it is suggested that this would constitute a form of market socialism. Third, it is argued that compared to capitalism a system of producer cooperatives offers a wealth of advantages, including the potential for efficiency gains, the eradication of unemployment and the end of exploitation. Ultimately, this book concludes that self-management could take the place of central planning in Marxist visions for the future.
"Synopsis" may belong to another edition of this title.
About the Author
Bruno Jossa is retired Full Professor of Political Economy at the ‘Federico II’ University, Naples, Italy.
"About the title" may belong to another edition of this title.
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