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Guild Socialism Revisited, and its Yugoslav Counterpart

  • Mario Ferrero

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This paper revisits the early-20th-century British blueprint for Guild Socialism and discusses its similarities and differences with labor managed firm (LMF) theory and with the historic Yugoslav system. It finds that the Guild Socialist vision of a corporatist workers' state based on universal, non-anonymous, multi-party negotiation of incomes, prices, and quantities comes much closer to anticipating the real-world Yugoslav experiment in worker-managed market socialism than the market-syndicalist utopia embodied in the Western economic model of the LMF and economy.

Original languageEnglish
Title of host publicationParticipation in the Age of Globalization and Information
EditorsPanu Kalmi, Mark Klinedinst
Pages299-319
Number of pages21
DOIs
Publication statusPublished - 2006
Externally publishedYes

Publication series

NameAdvances in the Economic Analysis of Participatory and Labor-Managed Firms
Volume9
ISSN (Print)0885-3339

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