The General Theory of Labor-Managed Market Economies

The General Theory of Labor-Managed Market Economies

The General Theory of Labor-Managed Market Economies

The General Theory of Labor-Managed Market Economies

Excerpt

This study is the result of research begun in 1961. In that year I received a grant from the Guggenheim Foundation, and in 1967 I was the beneficiary of a Ford Foundation Faculty Research Fellowship; to both organizations I express my sincere gratitude.

My interest in the theory of a system based on management by labor was stimulated by extensive discussion and correspondence with my brother Jan, of the International Labor Organization, who has devoted many years to the study of Workers' Councils in Yugoslavia. Even if I must concede that we have disagreed on just about everything, my greatest debt and my deepest gratitude belong to him.

The original manuscript of the study contained, in addition to the four parts included in this book, a fifth part, more speculative and philosophical. A revised version of the latter, intended for the general reader, will be published separately, also by Cornell University Press, under the title The Participatory Economy.

J. V.

Ithaca, New York March 1970 . . .

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