IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/36776.html
   My bibliography  Save this paper

The concept of the ownership in the late 'socialist economics'

Author

Listed:
  • Tchipev, Plamen D

Abstract

The ownership has a very controversial place in the economics' history. While it was placed in the centre of the so called "socialist political economy", (actually, the issue of its abolishment), it is still taken for granted in the orthodox economics and little attention is paid on its analysis. Contrary, the institutional economics shows all increasing interest in this par excellence 'institutionalist' economic concept - two out of ten chapters are directly devoted to the ownership in the recent E. Furobotn and R. Richter's book - 'Institutions and Economic Theory' (1997). Within the latter discourse it seems important and interesting to analyse the development of that concept in 'the economics of the socialism' - from the state, unique, single ownership through various degrees of 'relative autonomy of the state companies' and to the eventual triad of 'ownership, possession and management'. A theoretic development forced by practical economic problems - a clear case of 'a cumulative and evolutionary process unfolding in historical time', which never went that far to recognise its true purpose - to assign the role of the private property to a ideologically acceptable substitute institution. The paper tends to analyse that particular version of the ownership not only in its historical development and within the context of its 'natural' system of economic views like the 'socialist monetary relations', but also tries to draw a certain parallels to some of the contributions of the modern institutional economics like principal-agency approach. The paper also strives to outline some of the political consequences of its implementation. The main conclusion relates not as much to the unavoidability of the private property as basis for any economic system, but rather seeks to provide another piece of evidence for the importance of the institutional arrangement, and especially the ownership, for the functioning of any economic system.

Suggested Citation

  • Tchipev, Plamen D, 2000. "The concept of the ownership in the late 'socialist economics'," MPRA Paper 36776, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:36776
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/36776/1/MPRA_paper_36776.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Conley, John P. & Wilkie, Simon, 1991. "The bargaining problem without convexity : Extending the egalitarian and Kalai-Smorodinsky solutions," Economics Letters, Elsevier, vol. 36(4), pages 365-369, August.
    2. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-1630, October.
    3. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    4. Trockel, Walter, 2014. "Robustness of intermediate agreements for the discrete Raiffa solution," Games and Economic Behavior, Elsevier, vol. 85(C), pages 32-36.
    5. Thomson, William, 1983. "Problems of fair division and the Egalitarian solution," Journal of Economic Theory, Elsevier, vol. 31(2), pages 211-226, December.
    6. Shiran Rachmilevitch, 2011. "Disagreement point axioms and the egalitarian bargaining solution," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(1), pages 63-85, February.
    7. Roth, Alvin E, 1979. "Proportional Solutions to the Bargaining Problem," Econometrica, Econometric Society, vol. 47(3), pages 775-777, May.
    8. Myerson, Roger B, 1977. "Two-Person Bargaining Problems and Comparable Utility," Econometrica, Econometric Society, vol. 45(7), pages 1631-1637, October.
    9. Thomson, William, 1984. "Monotonicity, stability and egalitarianism," Mathematical Social Sciences, Elsevier, vol. 8(1), pages 15-28, August.
    10. Myerson, Roger B, 1981. "Utilitarianism, Egalitarianism, and the Timing Effect in Social Choice Problems," Econometrica, Econometric Society, vol. 49(4), pages 883-897, June.
    11. Chun, Youngsub & Thomson, William, 1990. "Egalitarian solutions and uncertain disagreement points," Economics Letters, Elsevier, vol. 33(1), pages 29-33, May.
    12. John Conley & Simon Wilkie, 2012. "The ordinal egalitarian bargaining solution for finite choice sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(1), pages 23-42, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    'Socialist' economics; Ownership Theory; Institutional Economics; Communist political economy;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:36776. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.