On the Labour-managed Firm as a New Mode of Socialism
Bruno Jossa *
Department of Economic Theory, University of Naples Federico II, Via Mezzocannone 16, 80121, Napoli, Italy (Rtd)
*Author to whom correspondence should be addressed.
Abstract
The aim of this paper is to suggest that the establishment of a system of producer cooperatives is a revolution which is consistent with Marx and Engels’s thought. The author examines Marx’s definition of revolution and the concept of production mode and argues that a system of the cooperative firm changes the production mode. He discusses also what manner plan and the market can be reconciled in a socialist system.
Keywords: Cooperative firms, socialism, marxism