On Market Socialism

New Directions in Modern Economics series

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

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.

‘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 organisation 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