The 99 Percent Economy: How Democratic Socialism Can Overcome the Crises of Capitalism


Product Details

Oxford University Press, USA
Publish Date
6.3 X 9.3 X 1.0 inches | 1.05 pounds

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About the Author

Paul S. Adler is the Harold Quinton Chair of Business Policy, and Professor of Management and Organization, Environmental Studies, and Sociology at the University of Southern California. In 2014-15, he served as President of the Academy of Management, the leading organization of management scholars.


"What does "democratisation" mean in concrete terms? Some millennial socialists say everyone should be guaranteed a job; others want a universal basic income, a drastic reduction in the working week, or both. It also means promoting non-traditional forms of business organisation, including co-operatives, which give workers a decisive role in the day-to-day management of their company. Mr. Adler thinks through how such plans would function. Drawing on his expertise in management, he explains in detail how firms could be managed along socialist lines." -- The Economist

"From Bernie Sanders to Alexandria Ocasio-Cortez, candidates who call themselves socialists are winning more elections and wielding wider influence. Paul Adler's timely new book helps us imagine what a political economy, based on socialist ideas, might actually look like and how it might operate for the benefit of millions of Americans who are not well-served by our current system. The 99 Percent Economy is not just a compelling indictment of capitalism run amuck. Adler makes a clear and convincing case for economic planning, expanded public investment, and greater social ownership and democratic management of productive enterprises. His book will be an essential educational tool for activists in labor and on the left." -- Steve Early, Former International Representative for the Communications Workers of America and author of Refinery Town: Big Oil, Big Money, and the Remaking of an American City

"Lucidly written and powerfully argued. Rarely do we get insight into the opportunities a truly democratic socialist economy might offer from an expert who knows how decisions are really made in leading corporations and large institutions. A must read for anyone interested in the creation of a progressive future." -- Gar Alperovitz, Author of America Beyond Capitalism and CoFounder of The Democracy Collaborative

"Paul Adler asks whether society can be reorganized for the benefit of its majority, that is, help those regularly disempowered? His book, The 99 Percent Economy begins with a radical premise that the economy should serve the vast majority rather than the other way around. Adler asks us to engage in a discussion about a different future that can move humanity away from the abyss and in the direction of a socialism that is democratic, radical, and visionary." -- Bill Fletcher, Jr., Former president of TransAfrica Forum; writer and labor activist

"I can think of few books that so convincingly prove, in such clear prose, that capitalism is incapable of meeting the needs of most of humanity, that it must be replaced with a system that does meet humanity's needs, and that such a system is not only desirable but practicable. Buy this book-and then lend it to your 'socialism skeptical' family and friends." -- Jason Schulman, New Politics