On the Workability of Market Socialism
AbstractContrary 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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Bibliographic InfoArticle provided by American Economic Association in its journal Journal of Economic Perspectives.
Volume (Year): 8 (1994)
Issue (Month): 2 (Spring)
Find related papers by JEL classification:
- P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
- P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
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- Dic Lo & Russell Smyth, 2004.
"Towards a re-interpretation of the economics of feasible socialism,"
Cambridge Journal of Economics,
Oxford University Press, vol. 28(6), pages 791-808, November.
- 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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