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Capitalism Versus Pragmatic Market Socialism
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Book Synopsis Capitalism versus Pragmatic Market Socialism by : James A. Yunker
Download or read book Capitalism versus Pragmatic Market Socialism written by James A. Yunker and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation contains important contributions both to general economic theory and to the evaluation of potential market socialist economic systems. As a contribution to economic theory, the general equilibrium model utilized in the research introduces the concept of `capital management effort' as a third primary factor of production (in addition to labor and saving) provided by private households. Capital management effort represents such things as corporate supervision, investment analysis, entrepreneurship, and related activity by the household which is intended to increase the rate of return on its capital wealth. As a contribution to the evaluation of market socialism, this research sheds powerful illumination on the potential performance of a specific variant of market socialism known as `pragmatic market socialism'. Pragmatic market socialism is a plan of market socialism designed to work `almost exactly' like contemporary capitalism. The key differences would be the enforcement of a profit incentive on the publicly owned corporations by an agency designated the Bureau of Public Ownership, and the distribution of the preponderance of capital property return produced by the publicly owned corporations as a social dividend supplement to the household's wage and salary income. The analysis reported in this book shows precisely under what conditions pragmatic market socialism would perform better than capitalism, and under what conditions the opposite would be true. The fundamental implication forthcoming from the research is that the potential performance of pragmatic market socialism relative to capitalism is an empirical rather than a theoretical question.
Book Synopsis Socialism Revised and Modernized by : James A. Yunker
Download or read book Socialism Revised and Modernized written by James A. Yunker and published by Praeger. This book was released on 1992-04-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume advocates pragmatic market socialism and offers a penetrating critique of the entire range of capitalist apologetics. As James A. Yunker envisions it, pragmatic market socialism would virtually duplicate the everyday economic functions of market capitalist economies, such as the United States' economy. However, public ownership of large, established corporations would enable profits to be distributed among the entire labor force rather than going largely to a class of inheriting rentiers. Pragmatic market socialism would be a means of enhancing economic justice and fairness without sacrificing the efficiency advantages of free enterprise and the market economy. Yunker presents both theoretical and empirical evidence countering various widely-accepted justifications for capitalism. He argues that much of what passes for anti-socialist thought does not actually address socialism at all but rather the various adverse historical correlates of socialism such as the Communist one-party state, Soviet-style central planning, and the Scandinavian welfare state. This book will be of great interest to economists specializing in comparative economic systems to political scientists with an interest in the evolution of political/economic systems.
Book Synopsis On the Political Economy of Market Socialism by : James A. Yunker
Download or read book On the Political Economy of Market Socialism written by James A. Yunker and published by Routledge. This book was released on 2018-05-08 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. Spanning a quarter of a century, this collection makes conveniently accessible 14 of Yunker’s thorough and highly illuminating contributions to the literature on market socialism.
Book Synopsis Economic Justice by : James A. Yunker
Download or read book Economic Justice written by James A. Yunker and published by . This book was released on 1997 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume thoroughly examines the case for democratic market socialism in light of both the real-world and intellectual history of socialism. James Yunker provides a clear and jargon-free account of this highly controversial issue. Covering the history of the market socialist idea from the precursors of Oskar Lange to the present, Yunker examines the subject not only in terms of formal economic theory, but in the context of the actual history of communistic socialism as practiced in the U.S.S.R., Eastern Europe, the P.R.C., and elsewhere. The book's historical content and readability will make it of great interest not only to economists and historians of socialism, but to any reader seeking to learn more about the place of market socialism in history and its potential for future application.
Book Synopsis The Philosophy and Economics of Market Socialism by : N. Scott Arnold
Download or read book The Philosophy and Economics of Market Socialism written by N. Scott Arnold and published by Oxford University Press. This book was released on 1994-08-18 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: N. Scott Arnold argues that the most defensible version of a market socialist economic system would be unable to realize widely held socialist ideals and values. In particular, it would be responsible for widespread and systematic exploitation. The charge of exploitation, which is really a charge of injustice, has typically been made against capitalist systems by socialists. This book argues that it is market socialism--the only remaining viable form of socialism--that is systematically exploitative.
Book Synopsis Why Market Socialism? by : Frank Roosevelt
Download or read book Why Market Socialism? written by Frank Roosevelt and published by Routledge. This book was released on 2016-09-16 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays on market socialism, originally published in Dissent between 1985 and 1993. Among other topics, they take issue with the traditional view that socialism means rejecting the use of markets to organise economic activities, and question the reliance upon markets.
Book Synopsis Socialism and the Market: The natural economy by : Peter J. Boettke
Download or read book Socialism and the Market: The natural economy written by Peter J. Boettke and published by Taylor & Francis. This book was released on 2000 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Future for Socialism by : John E. Roemer
Download or read book A Future for Socialism written by John E. Roemer and published by Harvard University Press. This book was released on 1994 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
Book Synopsis Explorations and Proposals toward Market Socialism and World Government by : James A. Yunker
Download or read book Explorations and Proposals toward Market Socialism and World Government written by James A. Yunker and published by Cambridge Scholars Publishing. This book was released on 2022-09-26 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book blends real-world history, intellectual history, and personal history into a compelling case for a new way of thinking about such highly controversial—and highly misunderstood—concepts as market socialism, a Global Marshall Plan, and world government. It argues that, if properly designed according to clear and specific blueprints, all three of these possibilities would indeed greatly benefit humanity if they were fully implemented. The book puts a human face on these proposals by documenting their origin and development through a detailed account of the author’s professional efforts over a long and productive academic career. This story of steadfast determination in the face of steep odds will resonate deeply with every person who has nourished a vision that is commonly dismissed as excessively idealistic and unrealistic.
Book Synopsis Market Socialism by : David Schweickart
Download or read book Market Socialism written by David Schweickart and published by Routledge. This book was released on 2016-04-22 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aside from Post Modernism, probably the hottest topic today among socialist scholars world-wide is Market Socialism. In this book, four leading socialist scholars present both sides of the debate--two for, and two against--highlighting the different perspectives from which Market Socialism has been viewed. Arguing in favor of Market Socialism are the philosophers David Schweickart and James Lawler. While opposing them and Market Socialism are the political economist Hillel Ticktin and the political theorist Bertell Ollman. The evidence and arguments found in this book will prove invaluable to readers interested in the future of socialism.
Book Synopsis Market Socialism by : Julian Le Grand
Download or read book Market Socialism written by Julian Le Grand and published by . This book was released on 1989 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is "market socialism"? Can markets be used to achieve socialist ends? A distinguished group of academics here explore the political, social, economic, and philosophical implications of market socialism, and show how markets, sensibly used, can promote socialism more effectively than traditional socialist economic mechanisms. Focusing on the original issues of the British socialist debate, they cast a fresh light on these issues and begin the crucial task of rethinking the basis of socialism.
Book Synopsis Market Socialism by : Pranab K. Bardhan
Download or read book Market Socialism written by Pranab K. Bardhan and published by Oxford University Press, USA. This book was released on 1993 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays which assesses the break-up of the Eastern European bloc and discusses whether the conversion of these countries to market socialism is feasible. The contributors represent a wide range of viewpoints and offer varying definitions of the concept of market socialism.
Book Synopsis Against the Market by : David McNally
Download or read book Against the Market written by David McNally and published by Verso. This book was released on 1993-12-17 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this innovative book, David McNally develops a powerful critique of market socialism, by tracing it back to its roots in early political economy. He ranges from Adam Smith’s attempt to reconcile moral philosophy with market economics to Malthus’s reformulation of Smith’s political economy which made it possible to justify poverty as a moral necessity. Smith’s economic theory was also the source of an attempt to construct a critique of capitalism derived from his conception of free and equal exchange governed by natural price. This Smithian forerunner of today’s market socialism sought to reform the market without abolishing the social relations on which it was based. McNally explores this tradition sympathetically, but exposes its fatal flaws. The book concludes with an incisive consideration of efforts by writers such as Alec Nove to construct a “feasible” model of market socialism. McNally shows these efforts are still plagued by the failure of early Smithian socialism to come to grips with the social foundations of the market, the commodification of labor-power which is the key to market regulation of the economy. The results, he argues, are neither socialist nor workable.
Book Synopsis Marx's Capital and Capitalism by : Paul Zarembka
Download or read book Marx's Capital and Capitalism written by Paul Zarembka and published by Emerald Group Publishing Limited. This book was released on 2001-12-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The political economist N. Sieber wrote a book in 1871 in part summarizing Marx's value theory compared to Ricardo's, and Marx himself favourably commented on the interpretation. Here, Sieber's Russian text on Marx is translated, joined with an introductory preface by James D. White and an article by David Smith on Sieber's understanding of value theory. Alfredo Saad-Filho develops implications of introducing a more refined discussion of the composition of capital into Zarembka's work on accumulation of capital in the previous issue, while the tendency of the profit rate under two alternative criteria for technical choice is analyzed by Cheol-Soo Park. The regulation of social relations by markets is criticized by Martyn Konings as being antithetical to socialism. Ideology provides our representations of the world we live in and Thierry Suchere connects the symbolic dimension to economic activity. Close links between Wittgenstein's philosophy and Sraffa's political economy as both embodying bourgeois ideology are developed by Jorgen Sandemose. Finally, the Stalinist ideological formation as a key component of Soviet history is developed from a Marxist perspective by Charles Bettelheim.
Book Synopsis Socialism and the Market: Socialist calculation and the market economy by : Peter J. Boettke
Download or read book Socialism and the Market: Socialist calculation and the market economy written by Peter J. Boettke and published by . This book was released on 2000 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Socialism and the Market: Marginalist economics and the socialist economy by : Peter J. Boettke
Download or read book Socialism and the Market: Marginalist economics and the socialist economy written by Peter J. Boettke and published by Taylor & Francis. This book was released on 2000 with total page 2506 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Socialism After Communism by : Christopher Pierson
Download or read book Socialism After Communism written by Christopher Pierson and published by Penn State Press. This book was released on 1995 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Christopher Pierson assesses the evidence of terminal decline, but finds rather a whole series of deep-seated challenges to traditional forms of socialist and social democratic thinking. Above all, these problems are to be found in the political economy of social democracy and its commitment to incremental change in the context of an increasingly globalized market economy. The latter chapters of the book are devoted to an assessment of market socialism, one of the most vigorous and innovative attempts to seek to recast socialist aspirations under these quite changed circumstances. In essence, market socialism represents an attempt to reconcile new forms of social ownership with the seeming ubiquity of the market. Having outlined this position, Pierson carefully and systematically critiques it and, in the process, develops a set of distinctive arguments about the nature of social ownership, the potential of the labor-managed economy, and the appropriate forms for an extension of economic democracy.
