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Is socialism back? A review of contemporary economic literature

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  • Emilio Carnevali
  • André Pedersen Ystehede

Abstract

The paper deals with the recent resurgence of interest in the concept of “socialism” from an economic perspective. The most significant contemporary proposals for a new model of socialism are surveyed across five major thematic areas: socialism as a voluntary endeavor and socialist ethics; socialism as a process of democratization; socialism, efficiency and profit maximization; the problem of planning and the new calculation debate; and, socialism as a means versus socialism as an end. A common framework to assess the new blueprints is constructed to identify the likely directions of the research on these themes in the near future.

Suggested Citation

  • Emilio Carnevali & André Pedersen Ystehede, 2023. "Is socialism back? A review of contemporary economic literature," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 239-270, April.
    • Handle: RePEc:bla:jecsur:v:37:y:2023:i:2:p:239-270
    DOI: 10.1111/joes.12488
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    References listed on IDEAS

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    Cited by:

    1. Carnevali, Emilio & Sommacal, Matteo, 2023. "On the Takeover Mechanism in Market Socialism," MPRA Paper 117919, University Library of Munich, Germany.

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