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On the Workability of Market Socialism

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  • Pranab Bardhan
  • John E. Roemer

Abstract

Contrary to the claim of Andrei Shleifer and Robert W. Vishny (1994), it is conceivable under market socialism to take firms out of the orbit of state control and that a less narrow theory of the state than theirs allows the possibility of democratic socialism mitigating problems of economic inefficiency better than capitalism.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.8.2.177
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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 8 (1994)
Issue (Month): 2 (Spring)
Pages: 177-181

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Handle: RePEc:aea:jecper:v:8:y:1994:i:2:p:177-81

Note: DOI: 10.1257/jep.8.2.177
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  1. Pranab Bardhan & John E. Roemer, 1992. "Market Socialism: A Case for Rejuvenation," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 6(3), pages 101-116, Summer.
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Cited by:
  1. Dic Lo & Russell Smyth, 2002. "Towards A Re-Interpretation Of The Economics Of Feasible Socialism," Working Papers 119, Department of Economics, SOAS, University of London, UK.

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