In this book, first published in 1988, the author shows that the movement for industrial democracy has deep roots in British history, and looks at the economic and political potential of industrial democracy as a mechanism to halt 100 years of industrial decline. The author advocates the general adoption of the industrial co-operative form of organisation on two grounds: it provides for authentic industrial democracy, and it maximises commitment to industrial regeneration. Lucid and jargon-free, The Third Way explores the options for economic and institutional change in a mature industrial economy. This title will be of interest to students of business studies.