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New market socialism: a case for rejuvenation or inspired alchemy?

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  • Dimitris Milonakis

Abstract

The aim of this paper is to examine the relative merits and drawbacks of two recent models of market socialism proposed by Bardhan and Roemer. This is done, first, by putting these models into the perspective of the history of economic thought. Thus, after presenting the basic elements of the early Lange model as well as the Austrian and 'new information economics' critiques, the necessary comparisons and contrasts are made to see what new light these new models bring into this debate. In addition, the internal consistency and coherence of these models is checked in terms of their own proclaimed goals. Last, a more radical methodological critique is provided. Copyright 2003, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

Volume (Year): 27 (2003)
Issue (Month): 1 (January)
Pages: 97-121

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Handle: RePEc:oup:cambje:v:27:y:2003:i:1:p:97-121

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Cited by:
  1. Alejandro Agafonow, 2007. "Los límites de la eficiencia económica en una sociedad democrática," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 9(16), pages 89-119, January-J.
  2. Sorin Burnete, 2008. "Pro-capitalism vs. Anti-americanism in 21st century Europe product in Romania," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 1, pages 119-126, December.

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