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Market Socialism As A Distinct Socioeconomic Formation Internal To The Modern Mode Of Production

Author

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  • Gabriele, Alberto
  • Schettino, Francesco

Abstract

This paper argues that, during the present historical period, only one mode of production is sustainable, which we call the modern mode of production (MMP). Nevertheless, there can be (both in theory and in practice) enough differences among the specific forms of MMP prevailing in different countries as to justify the identification of distinct socioeconomic formations, one of them being market socialism (MS). In its present stage of evolution, MS in China and Vietnam allows for a rapid development of productive forces, but it is seriously flawed from other points of view. We argue that the development of a radically reformed and improved form of MS is far from being an inevitable historical necessity, but constitutes a theoretically plausible and auspicable possibility

Suggested Citation

  • Gabriele, Alberto & Schettino, Francesco, 2007. "Market Socialism As A Distinct Socioeconomic Formation Internal To The Modern Mode Of Production," MPRA Paper 7942, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:7942
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    File URL: https://mpra.ub.uni-muenchen.de/7942/1/MPRA_paper_7942.pdf
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    Citations

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    Cited by:

    1. Alberto GABRIELE, 2016. "Lessons from Enterprise Reforms in China and Vietnam," Journal of Economic and Social Thought, KSP Journals, vol. 3(2), pages 265-284, June.
    2. Gabriele, Alberto & Khan, Ali Haider, 2008. "Enhancing technological progress in a market-socialist context:China's national innovation system at the crossroads," MPRA Paper 10695, University Library of Munich, Germany.

    More about this item

    Keywords

    Socialism; Mode of Production; Market Socialism;
    All these keywords.

    JEL classification:

    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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