Labour-Managed Market Economies

In fact, workers management clearly postulates full economic autonomy for the enterprise. The only wayin which its success or failure can properly he evaluated is thought the free exchange. In competition on an equal footing with other producers, of the goods and services provides the only objectives standard of performance. A competitive market is, therefore, essential element for the practical operation of the system, even though it is by no means one of its objective. Many of the most challenging puzzles in economics today from on an understanding of how labour-managed firms work in different socio-economic and political atmosphere. LMF and self managed market economy brings together new insights from about 34 leading economists in the world offering fresh understanding of the nature and general equilibrium of LMF, theory of labour-managed market economies, organizational structure of LMF, and salient features of self-managed economic institutions in this volume. The book exhaustively covers several other important aspects of labour-managed market economy. It will serve as a valuable reference tool to the economic, social scientists, policy makers and research scholars interested in the study of problems of LMF and self-managed economy.