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.

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 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.

What are the sources of the well-known differences in the performance of capitalist and socialist economic systems? Peter Murrell argues that the Schumpeterian model has far more power to answer this question than does the neoclassical theory generally used for that purpose. The neoclassical theory focuses on the absence of a price system and the inability of a centralized system to allocate resources efficiently, while the Schumpeterian model emphasizes the rigidity of institutions and policies in socialist economies and their lack of mechanisms either to create new institutions or to identify and to foster the growth of the most efficient organizations (including multinational corporations). In a work that will have profound consequences for the analysis of economic reform in socialist economies, Murrell compares the predictions of these two models against data summarizing foreign trade performance and finds the Schumpeterian model clearly superior. Combining international trade theory and econometric techniques, the author develops new methods of comparative economic analysis. These methods provide new information on the values of eleven resource endowments implicit in trade, the degree to which the socialist countries fit standard models of trade, the effect of multinational corporations on trade, and myriad other features of economic performance. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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.

First published in 1990, A Guide to the Socialist Economies explores the evolution of a variety of economic systems in the socialist world and highlights major problems facing fourteen countries – Albania, Bulgaria, China, Cuba, Czechoslovakia, the GDR, Hungary, North Korea, Mongolia, Poland, Romania, the Soviet Union, Vietnam and Yugoslavia –against a background of continuous change, characterized by such events as the Berlin blockade, the Korean war, the Hungarian revolution and the invasion of Czechoslovakia. The traditional Soviet economic model is studied in detail as the basic system adopted by or imposed upon all of these countries. A separate chapter is devoted to foreign trade in general and Comecon in particular, while each of the country studies deals with the political and economic background, economic reforms (including industry, agriculture, the financial system and foreign trade and capital) and the private sector. The book provides information on the economic institutions of all the individual countries which is invaluable if the various courses of reform each country has engaged upon are to be understood. Historical material supplements contemporary information in a work which is to be an essential reference for anyone engaged in a study of, or trade with, the socialist countries.

This study of economic reforms throughout Eastern Europe covers the history of attempts at decentralization. Countries covered include the former USSR, the former East Germany and Hungary.

This book is an exploration into the uncharted territory of social reality. It explores social relations and politics, presenting a critique of contemporary socioeconomic systems and discussions on the Marxist Doctrine of Transition. The book is intended to meet Robert Heilbroner's request.

This breakthrough volume integrates European, British, and American scholarship in advanced areas of philosophy and decision theory. Contributions cover a broad area of economics--from criticism of institutional economics to examination of the role of induction in economic forecasting.