Handbook of the Politics of Labour, Work and Employment
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Handbook of the Politics of Labour, Work and Employment

Edited by Gregor Gall

Providing a thorough overview of the political nature and dynamics of the world of work, labour and employment, this timely Handbook draws together an interdisciplinary range of top contributors to explore the interdependent relationship between politics and labour, work and employment. The Handbook explores the purpose, roles, rights and powers of employers and management, workers and unions, states and governments in the age of globalised neo-liberalism.
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Chapter 6: Different types of societal regulation - coordinated market economy, social democracy, aspiration of worker control

Greg Patmore

Abstract

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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