Detailed Study on the Labour-managed Firm as a New Mode of Socialism

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 Engelss thought. The author examines Marxs 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.