Market Socialism

Market Socialism
Author: David Schweickart
Publisher: Routledge
Total Pages: 212
Release: 2016-04-22
Genre: Political Science
ISBN: 1134954549

Aside from Post Modernism, probably the hottest topic today among socialist scholars world-wide is Market Socialism. In this book, four leading socialist scholars present both sides of the debate--two for, and two against--highlighting the different perspectives from which Market Socialism has been viewed. Arguing in favor of Market Socialism are the philosophers David Schweickart and James Lawler. While opposing them and Market Socialism are the political economist Hillel Ticktin and the political theorist Bertell Ollman. The evidence and arguments found in this book will prove invaluable to readers interested in the future of socialism.

Against the Market

Against the Market
Author: David McNally
Publisher: Verso
Total Pages: 276
Release: 1993-12-17
Genre: Business & Economics
ISBN: 9780860916062

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.

Markets in the Name of Socialism

Markets in the Name of Socialism
Author: Johanna Bockman
Publisher: Stanford University Press
Total Pages: 556
Release: 2011-07-26
Genre: Business & Economics
ISBN: 0804778965

The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism. This book takes a truly transnational look at economists' professional outlook over 100 years across the capitalist West and the socialist East. Clearly translating complicated economic ideas and neoliberal theories, it presents a significant reinterpretation of Cold War history, the fall of communism, and the rise of today's dominant economic ideology.

Market, State, and Community

Market, State, and Community
Author: David Miller
Publisher: Oxford University Press
Total Pages: 392
Release: 1990
Genre: Business & Economics
ISBN: 9780198278641

David Miller makes a comprehensive analysis of an economy in which market mechanisms retain a central role, but in which capitalist patterns of ownership have been superceded. He provides a clear, coherent statement of the theoretical basis of market socialism, and justifies it as a viable political option.

Creating Market Socialism

Creating Market Socialism
Author: Carolyn L. Hsu
Publisher: Duke University Press
Total Pages: 237
Release: 2007-09-03
Genre: Social Science
ISBN: 0822390426

In the midst of China’s post-Mao market reforms, the old status hierarchy is collapsing. Who will determine what will take its place? In Creating Market Socialism, the sociologist Carolyn L. Hsu demonstrates the central role of ordinary people—rather than state or market elites—in creating new institutions for determining status in China. Hsu explores the emerging hierarchy, which is based on the concept of suzhi, or quality. In suzhi ideology, human capital and educational credentials are the most important measures of status and class position. Hsu reveals how, through their words and actions, ordinary citizens decide what jobs or roles within society mark individuals with suzhi, designating them “quality people.” Hsu’s ethnographic research, conducted in the city of Harbin in northwestern China, included participant observation at twenty workplaces and interviews with working adults from a range of professions. By analyzing the shared stories about status and class, jobs and careers, and aspirations and hopes that circulate among Harbiners from all walks of life, Hsu reveals the logic underlying the emerging stratification system. In the post-socialist era, Harbiners must confront a fast-changing and bewildering institutional landscape. Their collective narratives serve to create meaning and order in the midst of this confusion. Harbiners collectively agree that “intellectuals” (scientists, educators, and professionals) are the most respected within the new social order, because they contribute the most to Chinese society, whether that contribution is understood in terms of traditional morality, socialist service, or technological and economic progress. Harbiners understand human capital as an accurate measure of a person’s status. Their collective narratives about suzhi shape their career choices, judgments, and child-rearing practices, and therefore the new practices and institutions developing in post-socialist China.

Equal Shares

Equal Shares
Author: John E. Roemer
Publisher: Verso
Total Pages: 312
Release: 1996
Genre: Equality
ISBN: 9781859849330

How is it possible to translate egalitarian ideals into practical policy? In this second volume of the Real Utopias Project, John Roemer proposes the creation of an economy which combines a functioning market with a commitment to equality. Roemer's novel mechanism for achieving this end is the creation of two kinds of money: one used for the purchase of goods and the other, referred to as "coupons," for buying shares in companies. All citizens, on reaching the age of majority, are given an equal number of coupons from which they derive ownership rights in companies, including dividends and a vote in board elections. Firms raise finance capital through the state which converts shareholders' coupons into money. At death, all shares and unspent coupons revert to the state for redistribution. This scheme, Roomer argues, allows for a significant degree of government planning and equal distribution of property in the framework of a free market. it is, in short, a working system of market socialism. In the series of critiques which follow, a range of distinguished thinkers engage in lively polemic concerning the practicality and effectiveness of Roemer's scheme. The contributors are Richard Arneson, Fred Block, Harry Brighouse, Michael Burawoy, Joshua Cohen, Nancy Folbre, Andrew Levine, Mieke Meurs, Louis Putterman, Joel Rogers, Debra Satz, Julius Sensat, William Simon, Frank Thompson, Thomas Weisskopf, and Erik Olin Wright.

Markets and Socialism

Markets and Socialism
Author: Alec Nove
Publisher:
Total Pages: 592
Release: 1994
Genre: Business & Economics
ISBN:

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.

After Capitalism

After Capitalism
Author: David Schweickart
Publisher: Rowman & Littlefield Publishers
Total Pages: 281
Release: 2011-08-16
Genre: Philosophy
ISBN: 0742564991

Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism. David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the desirability of entrepreneurship is escalating. The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today.

Capitalism, Socialism and Property Rights

Capitalism, Socialism and Property Rights
Author: Mateusz Machaj
Publisher: Austrian Economics
Total Pages: 226
Release: 2018
Genre: Business & Economics
ISBN: 9781788210355

Mateusz Machaj offers an in-depth examination of one of the defining issues that separates capitalism from socialism--the system of ownership or property rights--to highlight fundamental problems in the market socialism model. He shows that the mechanism of efficiency in market socialism is unable to play the part ascribed to it by its theoreticians.

Socialism After Communism

Socialism After Communism
Author: Christopher Pierson
Publisher: Penn State Press
Total Pages: 264
Release: 1995
Genre: Political Science
ISBN: 9780271014791

Christopher Pierson assesses the evidence of terminal decline, but finds rather a whole series of deep-seated challenges to traditional forms of socialist and social democratic thinking. Above all, these problems are to be found in the political economy of social democracy and its commitment to incremental change in the context of an increasingly globalized market economy. The latter chapters of the book are devoted to an assessment of market socialism, one of the most vigorous and innovative attempts to seek to recast socialist aspirations under these quite changed circumstances. In essence, market socialism represents an attempt to reconcile new forms of social ownership with the seeming ubiquity of the market. Having outlined this position, Pierson carefully and systematically critiques it and, in the process, develops a set of distinctive arguments about the nature of social ownership, the potential of the labor-managed economy, and the appropriate forms for an extension of economic democracy.