Edited by Gregor Gall
Chapter 6: Different types of societal regulation - coordinated market economy, social democracy, aspiration of worker control
This chapter explores three alternative concepts to the idea of liberal market economy - these being the coordinated market economy, social democracy and notion of a co-operative commonwealth particularly in regard to worker co-operatives. This chapter looks at the relative advantages and disadvantages of these ideas compared to the liberal market economy from a conceptual and historical viewpoint. It suggests that despite the ascendency of neo-liberal economic values these ideas highlight a diversity of approaches to the economy.
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