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Characteristically readable, controversial and full of insights, Alec Nove's new book is essential reading for anyone concerned with evaluating the relevance of Marxism to contemporary social and economic problems.
Book Synopsis The Economics of Feasible Socialism Revisited by : Alec Nove
Download or read book The Economics of Feasible Socialism Revisited written by Alec Nove and published by Routledge. This book was released on 2003-09-02 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Characteristically readable, controversial and full of insights, Alec Nove's new book is essential reading for anyone concerned with evaluating the relevance of Marxism to contemporary social and economic problems.
The first part of The Economics of Feasible Socialism demonstrates why Marx's theories provide no guide to the issues that must face economists under any realistically conceivable Socialism. The experience of communist-ruled countries, especially the former Soviet Union, is often negative: economic inefficiency, bureaucracy, despotism. The causes of these defects and possible remedies and reforms are discussed. The problems of transition, in the context of Western industrialized countries and of developing countries, is also examined, with particular attention centred on the errors of economic policy in Chile and China, amongst other countries.
Book Synopsis The Economics of Feasible Socialism by : Alec Nove
Download or read book The Economics of Feasible Socialism written by Alec Nove and published by Routledge. This book was released on 2013-11-05 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part of The Economics of Feasible Socialism demonstrates why Marx's theories provide no guide to the issues that must face economists under any realistically conceivable Socialism. The experience of communist-ruled countries, especially the former Soviet Union, is often negative: economic inefficiency, bureaucracy, despotism. The causes of these defects and possible remedies and reforms are discussed. The problems of transition, in the context of Western industrialized countries and of developing countries, is also examined, with particular attention centred on the errors of economic policy in Chile and China, amongst other countries.
This is a path-breaking book. Characteristically readable, controversial and full of insights, Nove identifies a workable socialist programme, achievable in the lifetime of a child born today, that avoids far-fetched or utopian assumptions. This text has been immensely influential in the West, and is available in translation in China, Hungary and the Soviet Union. Alec Nove begins by demonstrating why Marx's theories provide a misleading guide to the issues facing economists under any realistically conceivable socialism. He goes on to discuss the problems experinced by communist-ruled countries, especially the Soviet Union, and to suggest possible remedies and solutions. Nove also examines problems of transition, in the context of Western industrialised countries and the Third World. He concludes by outlining a possible efficienct and human socialism, and examines objections to these ideas from the Left and the Right.
Book Synopsis The Economics of Feasible Socialism by : Alec Nove
Download or read book The Economics of Feasible Socialism written by Alec Nove and published by Routledge. This book was released on 2013-10-18 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a path-breaking book. Characteristically readable, controversial and full of insights, Nove identifies a workable socialist programme, achievable in the lifetime of a child born today, that avoids far-fetched or utopian assumptions. This text has been immensely influential in the West, and is available in translation in China, Hungary and the Soviet Union. Alec Nove begins by demonstrating why Marx's theories provide a misleading guide to the issues facing economists under any realistically conceivable socialism. He goes on to discuss the problems experinced by communist-ruled countries, especially the Soviet Union, and to suggest possible remedies and solutions. Nove also examines problems of transition, in the context of Western industrialised countries and the Third World. He concludes by outlining a possible efficienct and human socialism, and examines objections to these ideas from the Left and the Right.
After being proclaimed dead, there is now a major revival of socialism ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Further experiments in that direction must be subordinate to higher principles of liberal solidarity, involving a mixed market economy with a welfare state.
Book Synopsis Is Socialism Feasible? by : Geoffrey M. Hodgson
Download or read book Is Socialism Feasible? written by Geoffrey M. Hodgson and published by Edward Elgar Publishing. This book was released on 2019 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: After being proclaimed dead, there is now a major revival of socialism ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Further experiments in that direction must be subordinate to higher principles of liberal solidarity, involving a mixed market economy with a welfare state.
These extracts concern the relationship between market and plan, or how to organize an economy to best satisfy demands for efficiency, compassion and freedom. Beginning with Karl Marx, this volume presents the non-market, market and mixed market models. It includes the socialist calculation debate and the experiences of Russia, East-Central Europe, Sweden, the US and China.
Book Synopsis Markets and Socialism by : Alec Nove
Download or read book Markets and Socialism written by Alec Nove and published by . This book was released on 1994 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: These extracts concern the relationship between market and plan, or how to organize an economy to best satisfy demands for efficiency, compassion and freedom. Beginning with Karl Marx, this volume presents the non-market, market and mixed market models. It includes the socialist calculation debate and the experiences of Russia, East-Central Europe, Sweden, the US and China.
In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
Book Synopsis A Future for Socialism by : John E. Roemer
Download or read book A Future for Socialism written by John E. Roemer and published by Harvard University Press. This book was released on 1994 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
In this innovative book, David McNally develops a powerful critique of market socialism, by tracing it back to its roots in early political economy. He ranges from Adam Smith’s attempt to reconcile moral philosophy with market economics to Malthus’s reformulation of Smith’s political economy which made it possible to justify poverty as a moral necessity. Smith’s economic theory was also the source of an attempt to construct a critique of capitalism derived from his conception of free and equal exchange governed by natural price. This Smithian forerunner of today’s market socialism sought to reform the market without abolishing the social relations on which it was based. McNally explores this tradition sympathetically, but exposes its fatal flaws. The book concludes with an incisive consideration of efforts by writers such as Alec Nove to construct a “feasible” model of market socialism. McNally shows these efforts are still plagued by the failure of early Smithian socialism to come to grips with the social foundations of the market, the commodification of labor-power which is the key to market regulation of the economy. The results, he argues, are neither socialist nor workable.
Book Synopsis Against the Market by : David McNally
Download or read book Against the Market written by David McNally and published by Verso. This book was released on 1993-12-17 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this innovative book, David McNally develops a powerful critique of market socialism, by tracing it back to its roots in early political economy. He ranges from Adam Smith’s attempt to reconcile moral philosophy with market economics to Malthus’s reformulation of Smith’s political economy which made it possible to justify poverty as a moral necessity. Smith’s economic theory was also the source of an attempt to construct a critique of capitalism derived from his conception of free and equal exchange governed by natural price. This Smithian forerunner of today’s market socialism sought to reform the market without abolishing the social relations on which it was based. McNally explores this tradition sympathetically, but exposes its fatal flaws. The book concludes with an incisive consideration of efforts by writers such as Alec Nove to construct a “feasible” model of market socialism. McNally shows these efforts are still plagued by the failure of early Smithian socialism to come to grips with the social foundations of the market, the commodification of labor-power which is the key to market regulation of the economy. The results, he argues, are neither socialist nor workable.
The author argues that by pursuing economic democracy, socialism can return to the heart of political life in advanced capitalist countries. He demonstrates that there is both a moral case for economic democracy and a feasible strategy for achieving it.
Book Synopsis Economic Democracy by : Robin Archer
Download or read book Economic Democracy written by Robin Archer and published by . This book was released on 1995 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author argues that by pursuing economic democracy, socialism can return to the heart of political life in advanced capitalist countries. He demonstrates that there is both a moral case for economic democracy and a feasible strategy for achieving it.
Economic democracy is essential for creating a truly democratic political sphere. This engaging book uses Marxist theory to hypothesise that capitalism is not a democratic system, and that a modern socialist system of producer cooperatives and democratically managed enterprises is urgently needed. A New Model of Socialism focuses on the current crisis of the political Left, a result of the collapse of the Soviet model of society and the decline of statism and kingship. Bruno Jossa expands on existing theories to explore Marx's notions on economic democracy in a modern setting. He advocates a move away from the centralised planning form of economic socialism towards a self-management system for firms that does not prioritise the interests of one class over another, in order to achieve greater economic democracy. It is argued that the establishment of such a system of democratic firms is the precondition for reducing intervention in the economy, thus enabling the State to perform its ultimate function of serving the public interest. This timely book is ideal for advanced scholars of Marxist, radical and heterodox economic theory, as well as academics with an interest in the rise of socialism in our modern world. Indeed, it will also be of value to all those seeking a viable and practical alternative to existing capitalist and socialist thinking.
Book Synopsis A New Model of Socialism by : Bruno Jossa
Download or read book A New Model of Socialism written by Bruno Jossa and published by Edward Elgar Publishing. This book was released on 2018-04-27 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic democracy is essential for creating a truly democratic political sphere. This engaging book uses Marxist theory to hypothesise that capitalism is not a democratic system, and that a modern socialist system of producer cooperatives and democratically managed enterprises is urgently needed. A New Model of Socialism focuses on the current crisis of the political Left, a result of the collapse of the Soviet model of society and the decline of statism and kingship. Bruno Jossa expands on existing theories to explore Marx's notions on economic democracy in a modern setting. He advocates a move away from the centralised planning form of economic socialism towards a self-management system for firms that does not prioritise the interests of one class over another, in order to achieve greater economic democracy. It is argued that the establishment of such a system of democratic firms is the precondition for reducing intervention in the economy, thus enabling the State to perform its ultimate function of serving the public interest. This timely book is ideal for advanced scholars of Marxist, radical and heterodox economic theory, as well as academics with an interest in the rise of socialism in our modern world. Indeed, it will also be of value to all those seeking a viable and practical alternative to existing capitalist and socialist thinking.
This book argues that socialism could return to the centre of political life in the advanced capitalist countries by pursuing the goal of economic democracy. But the book is not just directed at socialists. For its principal aim is to convince socialists and non-socialists alike that there is both a strong moral case for economic democracy and a feasible strategy for achieving it. Robin Archer defines economic democracy as a system in which firms operate in a market economy but are governed by their workers. To show that economic democracy is a morally desirable goal he appeals to the value of individual freedom. To show that it is a feasible goal he appeals to the advantages of a corporatist industrial relations system. A corporatist system enables workers to pursue economic democracy through a series of trade-offs in which they exchange wage rises or other goods for incremental increases in control. But rational governments and capitalists will only agree to these trade-offs if certain conditions are met. Archer sets out these conditions and shows that they have in fact been met in recent years.
Book Synopsis Economic Democracy by : Robin Archer
Download or read book Economic Democracy written by Robin Archer and published by Clarendon Press. This book was released on 1995-04-13 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that socialism could return to the centre of political life in the advanced capitalist countries by pursuing the goal of economic democracy. But the book is not just directed at socialists. For its principal aim is to convince socialists and non-socialists alike that there is both a strong moral case for economic democracy and a feasible strategy for achieving it. Robin Archer defines economic democracy as a system in which firms operate in a market economy but are governed by their workers. To show that economic democracy is a morally desirable goal he appeals to the value of individual freedom. To show that it is a feasible goal he appeals to the advantages of a corporatist industrial relations system. A corporatist system enables workers to pursue economic democracy through a series of trade-offs in which they exchange wage rises or other goods for incremental increases in control. But rational governments and capitalists will only agree to these trade-offs if certain conditions are met. Archer sets out these conditions and shows that they have in fact been met in recent years.
