After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social preference system oriented towards equality and social justice, to be implemented without systemic constraints in the organizational and institutional sense. At the same time there is a case for maintaining an institutional framework allowing different forms of economic organization, capitalist and non- capitalist, to compete on equal footing, in an evolutionary perspective, thus allowing the second to develop if proven efficient. Another way for a spontaneous extension of the domain of socialism could derive from the socialization of consumption, if the consumption of public goods continues to make up a growing component of real consumption.
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Length: 23 pages Date of creation: 30 May 2003 Date of revision:
14 Sep 2003 Handle: RePEc:wpa:wuwpdc:0305003
Note: Type of Document - pdf; prepared on windows xp; to print on any; pages: 23 ; figures: included Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: P1 - Economic Systems - - Capitalist Systems P2 - Economic Systems - - Socialist Systems and Transition Economies P3 - Economic Systems - - Socialist Institutions and Their Transitions
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