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Why Market Socialism
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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 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 Markets in the Name of Socialism by : Johanna Bockman
Download or read book Markets in the Name of Socialism written by Johanna Bockman and published by Stanford University Press. This book was released on 2011-07-26 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism. This book takes a truly transnational look at economists' professional outlook over 100 years across the capitalist West and the socialist East. Clearly translating complicated economic ideas and neoliberal theories, it presents a significant reinterpretation of Cold War history, the fall of communism, and the rise of today's dominant economic ideology.
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 Market, State, and Community by : David Miller
Download or read book Market, State, and Community written by David Miller and published by Oxford University Press. This book was released on 1990 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Miller makes a comprehensive analysis of an economy in which market mechanisms retain a central role, but in which capitalist patterns of ownership have been superceded. He provides a clear, coherent statement of the theoretical basis of market socialism, and justifies it as a viable political option.
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 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 466 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 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.
Download or read book Equal Shares written by John E. Roemer and published by Verso. This book was released on 1996 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is it possible to translate egalitarian ideals into practical policy? In this second volume of the Real Utopias Project, John Roemer proposes the creation of an economy which combines a functioning market with a commitment to equality. Roemer's novel mechanism for achieving this end is the creation of two kinds of money: one used for the purchase of goods and the other, referred to as "coupons," for buying shares in companies. All citizens, on reaching the age of majority, are given an equal number of coupons from which they derive ownership rights in companies, including dividends and a vote in board elections. Firms raise finance capital through the state which converts shareholders' coupons into money. At death, all shares and unspent coupons revert to the state for redistribution. This scheme, Roomer argues, allows for a significant degree of government planning and equal distribution of property in the framework of a free market. it is, in short, a working system of market socialism. In the series of critiques which follow, a range of distinguished thinkers engage in lively polemic concerning the practicality and effectiveness of Roemer's scheme. The contributors are Richard Arneson, Fred Block, Harry Brighouse, Michael Burawoy, Joshua Cohen, Nancy Folbre, Andrew Levine, Mieke Meurs, Louis Putterman, Joel Rogers, Debra Satz, Julius Sensat, William Simon, Frank Thompson, Thomas Weisskopf, and Erik Olin Wright.
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. This book was released on 2012-09-27 with total page 0 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 Markets and Socialism by : Alec Nove
Download or read book Markets and Socialism written by Alec Nove and published by . This book was released on 1994 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: These extracts concern the relationship between market and plan, or how to organize an economy to best satisfy demands for efficiency, compassion and freedom. Beginning with Karl Marx, this volume presents the non-market, market and mixed market models. It includes the socialist calculation debate and the experiences of Russia, East-Central Europe, Sweden, the US and China.
Book Synopsis On Market Socialism by : Bruno Jossa
Download or read book On Market Socialism written by Bruno Jossa and published by Edward Elgar Publishing. This book was released on 2023-01-20 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bruno Jossa expertly illustrates that the creation of a system of cooperative firms is tantamount to a revolution giving rise to a new production mode capable of reversing the existing relationship between capital and labour. The book also demonstrates a revolution enacted by peaceful and democratic means in order for worker-managed organisations to outnumber capitalistic ones.
Book Synopsis After Capitalism by : David Schweickart
Download or read book After Capitalism written by David Schweickart and published by Rowman & Littlefield Publishers. This book was released on 2011-08-16 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism. David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the desirability of entrepreneurship is escalating. The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today.
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 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.
Book Synopsis Socialism after Hayek by : Theodore A. Burczak
Download or read book Socialism after Hayek written by Theodore A. Burczak and published by University of Michigan Press. This book was released on 2006-10-12 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Socialism after Hayek recasts and reinvigorates the socialist quest for class justice by rendering it compatible with Hayek's social and economic theories. Theodore A. Burczak puts forth a conception of socialism from a postmodern perspective, drawing from the apparently opposing ideas of Marx and Hayek (the latter of whom achieved worldwide recognition in the twentieth century as a champion of the free market and fierce opponent of government interference in markets). Burczak sketches an institutional structure that would promote a democratic socialist notion of distributive justice and his own interpretation of Marx's notion of freely associated labor, while avoiding Hayek's criticisms of centrally planned socialism. Burczak's version of market socialism is one in which privately owned firms are run democratically by workers, governments engage in ongoing redistribution of wealth to support human development, and markets are otherwise unregulated. Burczak poses this model of "free market socialism" against other models of socialism, especially those developed by John Roemer, Michael Albert, and Robin Hahnel. "Burczakian socialism = (Hayek + Nussbaum + Sen + Ackerman + Resnick and Wolff) = Ellerman = legal-economic democracy. Brilliant! Burczak takes Hayek, his critics, and other social theorists and produces the foundations of a legal-economic order in which the concerns of most current thinkers are provided for. It is a deep, sustained, and brilliant achievement." —Warren J. Samuels, Professor Emeritus, Economics Department, Michigan State University; former President of the History of Economics Society and the Association for Social Economics; coeditor of the Journal of Income Distribution; and author of over 40 books "Theodore A. Burczak's Socialism after Hayek is a thoroughly researched and thoughtful examination not only of the ideological debate that framed the twentieth century, but of Hayek's intellectual framework. Burczak hopes for an economic framework that is both humanistic in its approach and humanitarian in its concern while being grounded in good reasons. The book should be on the reading list of every comparative political economist and in particular anyone who wants to take Hayek seriously, including those who would like to push Hayek's classical liberal politics toward the left in the twenty-first century. Burczak has made an outstanding contribution to the fields of political and economic thought and to Hayek studies in particular." —Peter J. Boettke, Professor and Director of Graduate Studies, Department of Economics, George Mason University, Fairfax "An advance well beyond the great 'socialist calculation debate.' Socialism after Hayek is both novel and challenging to contemporary Hayekian scholars. Burczak is the only scholar working in the post-Marxist tradition that thoroughly understands and appreciates the Hayekian critique of socialism. He is on his way to answering many of our long-held objections." —Dave Prychitko, Department of Economics, Northern Michigan University "One does not have to agree with all of Burczak's arguments to accept that he has developed a bold, creative and challenging response to the powerful Hayekian critique of socialism. Burczak wisely rejects the agoraphobia—literally the fear of markets—of many socialists, and focuses instead on the socialist goal of the abolition of exploitation. If this important book is read by both socialists and Hayekians, then there is a chance that debates on the viability of socialism may avoid some past pitfalls." —Geoffrey M. Hodgson, University of Hertfordshire, UK "Provocative and expansive. An excellent book that deals in depth with the relevant literature, incorporating it into a new analysis of the question of socialism. . . . The scholarship is superior: Burczak integrates the works of Hayek and Marx to develop a new theory of justice and to provide a new way to think through the problems of a socialist economy." —Stephen Cullenberg, Department of Economics, University of California, Riverside "A brilliant, fair-minded approach to Marx, Hayek, Sen, and Nussbaum yields a needed socialist vision for the twenty-first century." —Stephen Resnick, Department of Economics, University of Massachusetts Theodore A. Burczak is Associate Professor of Economics at Denison University.
Book Synopsis Capitalizing China by : Joseph P. H. Fan
Download or read book Capitalizing China written by Joseph P. H. Fan and published by University of Chicago Press. This book was released on 2013 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."
