First published in 1970, Economics of Socialism covers all aspects of socialist economics: planning, profit, production and growth, investment, consumption, labor and land. The author then goes on to discuss pricing, money and banking, fiscal policy and control, and both domestic and foreign trade and international economic cooperation. The book is introduced by a background chapter on the socialist economic system, models of the socialist economy, the reforms, and the new socialist economics. It ends with a singularly objective comparison of socialist and capitalist economies and seeks to answer the question of whether the two systems are indeed converging. The book is based on socialist sources published in the Eastern European countries, which Professor Wilczynski has studied in the original, and which he is able to interpret against a first-hand knowledge of the countries concerned. He also provides a considerable apparatus which will be useful to students: a full glossary of socialist economic terms and extensive references for further reading in English. This is an interesting historical reference work for scholars and researchers of Soviet economics and Russian economics.

The most comprehensive and contemporary source available on socialist economic systems, this book employs economic data from eight East European countries and Russia to provide readers with a thorough, accurate picture of formerly Communist economies. J. Wilczynski carefully analyzes the major focal points of socialistic economics: planning and market, profit, production and growth, accumulation, consumption, labor, land, pricing, money and banking, fiscal policy and control, domestic and foreign trade, and international economics. The treatment of the subject is objective and constructive; when comparisons are made with capitalist economies both the strengths and weaknesses of socialism are brought out. This is not, however, a book on comparative economic systems but rather a complete discourse on the actual principles of socialist economics. Controversial issues such as the role of planning and the market, profit, rates of growth, the consumer's place, labor incentives, pricing, and controls are particularly well done. This book can be used as a guide to the economics of formerly communist regimes and as text for courses in developmental economics and comparative economic systems. It is well written by a scholar intimate with the plans, policies, and failures of communist economies from the close of The Second World War to the demise of Communist rule in Eastern Europe.

The most comprehensive and contemporary source available on socialist economic systems, this book employs economic data from eight East European countries and Russia to provide readers with a thorough, accurate picture of formerly Communist economies. J. Wilczynski carefully analyzes the major focal points of socialistic economics: planning and market, profit, production and growth, accumulation, consumption, labor, land, pricing, money and banking, fiscal policy and control, domestic and foreign trade, and international economics. The treatment of the subject is objective and constructive; when comparisons are made with capitalist economies both the strengths and weaknesses of socialism are brought out. This is not, however, a book on comparative economic systems but rather a complete discourse on the actual principles of socialist economics. Controversial issues such as the role of planning and the market, profit, rates of growth, the consumer's place, labor incentives, pricing, and controls are particularly well done. This book can be used as a guide to the economics of formerly communist regimes and as text for courses in developmental economics and comparative economic systems. It is well written by a scholar intimate with the plans, policies, and failures of communist economies from the close of The Second World War to the demise of Communist rule in Eastern Europe.

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.

The rise to dominance of marginalist economics coincided with a major increase in the spread of socialist ideas. As many socialist and Marxist thinkers were preocuppied with economic questions this was scarcely a development that could be ignored. Socialists either had to defend Marxist economics against marginalist criticism or show that socialism and marginalism were compatible. This volume explores the varied socialist responses in a number of major European countries including Italy, France, Russia and German speaking countries.

N. Scott Arnold argues that the most defensible version of a market socialist economic system would be unable to realize widely held socialist ideals and values. In particular, it would be responsible for widespread and systematic exploitation. The charge of exploitation, which is really a charge of injustice, has typically been made against capitalist systems by socialists. This book argues that it is market socialism--the only remaining viable form of socialism--that is systematically exploitative.

What is Socialist Economics The field of socialism economics encompasses the economic theories, practices, and conventions of socialist economic systems already in existence as well as those that are speculative. One of the defining characteristics of a socialist economic system is the presence of social ownership and operation of the means of production. This ownership and operation can take the shape of autonomous cooperatives or direct public ownership, in which production is carried out directly for the purpose of use rather than for profit. The term "market socialism" refers to socialist regimes that make use of markets in order to distribute capital goods and tools of production among different economic entities. A socialist planned economy is the name given to the economic system that is applied when planning is utilized. When it comes to valuing resources and goods, non-market versions of socialism typically incorporate a method of accounting that is founded on the calculation-in-kind mechanism. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Socialist economics Chapter 2: Free market Chapter 3: Socialism Chapter 4: State capitalism Chapter 5: Market economy Chapter 6: Mixed economy Chapter 7: Private property Chapter 8: State ownership Chapter 9: Economic system Chapter 10: Socialist market economy Chapter 11: Criticism of socialism Chapter 12: Lange model Chapter 13: Economic planning Chapter 14: Social dividend Chapter 15: Production for use Chapter 16: State socialism Chapter 17: Types of socialism Chapter 18: Socialist mode of production Chapter 19: Social ownership Chapter 20: Market socialism Chapter 21: Socialist calculation debate (II) Answering the public top questions about socialist economics. (III) Real world examples for the usage of socialist economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of socialist economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of socialist economics.

First published in 1986, this text brings together a selection of papers written by the great Alec Nove on development economics, Marxist economies, the Soviet economy, and law and politics in the Soviet Union. Reflecting the varied and diverse interests of its distinguished author, the topics range from Soviet constitutional law, to Trotsky’s view of collectivization; from a critique of conventional micro-economics, to the economic disaster of the Allende regime in Chile. The author’s long-standing immersion in the past and present of the Soviet Union helps to provide the unique insights into the workings of Socialist economies characteristic of Professor Nove’s previous work. This volume should be essential reading for anyone interested in development economics, socialist economies, or the problems facing contemporary Soviet economic reformers.

This volume sets forth as simply as possible the theoretical foundations which underlie the practical policies of democratic Socialism. This involves both a repudiation and a refutation of the assumptions of the older classical economists who believed in laissez-faire, and a careful differentiation of the economics of democratic Socialism from the neo-classical doctrines associated with the name of Maynard Keynes.

Challenging conventional accounts, Markets in the Name of Socialism chronicles a transnational dialogue among economists on both sides of the Iron Curtain about democracy, socialism, and markets. These exchanges led to the transformations of 1989 and, unintentionally, the rise of neoliberalism.