What is "market socialism"? Can markets be used to achieve socialist ends? A distinguished group of academics here explore the political, social, economic, and philosophical implications of market socialism, and show how markets, sensibly used, can promote socialism more effectively than traditional socialist economic mechanisms. Focusing on the original issues of the British socialist debate, they cast a fresh light on these issues and begin the crucial task of rethinking the basis of socialism.
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Socialism Markets and End States
An Equitarian Market Socialism
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ability achieve agency allocation argue argument assets bureaucracy capital capitalist economy capitalist firms centrally planned economies Chapter choice competitive concerned consumers David Winter decentralized decisions demand democratic discussed distribution distributive justice education voucher effects efficiency egalitarian end-state principles enterprise Estrin example exploitation favour groups holding companies implementation important incentives income increase indicative planning individual industrial inequalities institutions interests investment Julian Le Grand kind labour liberty market economy market mechanism market socialism market socialist economy market system means of production moral nationalization negative freedoms neo-liberal non-market operate organizations outcomes ownership particular planners political positive freedoms possible potential problem procedural producer co-operatives profits Raymond Plant redistribution reform relatively result role sectors sense share shareholders skills social capital social justice socialist society traditional socialist values voucher wages wealth welfare work-force workers