Overview

Bruno Jossa expertly illustrates that the creation of a system of cooperative firms is tantamount to a revolution giving rise to a new production mode capable of reversing the existing relationship between capital and labour. The book also demonstrates a revolution enacted by peaceful and democratic means in order for worker-managed organisations to outnumber capitalistic ones. Providing a comprehensive insight into these models, Jossa examines the relations between political power and economic democracy, ownership and bankruptcy risks within democratic organisations. Using the theories of Marx and Engels, the book offers a new model of socialism, allowing for a worker-led system and suppressing capitalism, whilst inviting a more theoretical approach without the suppression of markets. Thought-provoking in its approach, On Market Socialism will provide an excellent resource for policy makers in labour and political economics and also scholars of the history of economics and radical economics.

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9781035309443

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Reviews

'With this book Bruno Jossa brings to completion his lifelong research on market socialism. Drawing on economics, politics and philosophy, he presents a modern manifesto for industrial democracy. No student and no militant should ignore it, for it constitutes the most comprehensive, scrupulous and deep model of a socialist system available to date.' -- Ernesto Screpanti, University of Siena, Italy 'Bruno Jossa offers a comprehensive exposition of the cooperative form of enterprise as an organization that assigns ownership rights and governance control to stakeholders other than investors. With a great deal of literary panache, he writes in a non-technical language accessible to non-specialist readers and shows how Marx's equation of capitalism with market has been inhibited for a long time and considers that a prospective socialist society does not imply the destruction of the market system per se, but only the abolition of the privately-owned firms. Jossa's account will capture the attention of anyone seriously interested in the future of the market system as a viable and inclusive model of social order. A must read.' -- Stefano Zamagni, University of Bologna, Italy

Author Information

Bruno Jossa, Professor of Political Economy, University ‘Federico II’ of Naples, Italy

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