Overview

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.

Full Product Details

Author:   Alec Nove
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Edition:   New edition
Dimensions:   Width: 13.80cm , Height: 2.50cm , Length: 21.60cm
Weight:   0.431kg
ISBN:  

9780415313117

ISBN 10:   0415313112
Pages:   260
Publication Date:   05 June 2003
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   Awaiting stock  

Table of Contents

Introduction: Socialism Part 1 The Legacy of Marx * What Did Marx Mean By Socialism? * Abundance, Scarcity and The New Man * The Law of Value Under Socialism * A Digression on Marxian Economics * Sancta Simplicitas * The Ex Ante Illusion * Quality And Quantity * Division of Labour * Material and Moral Incentives * The Proletariat and Productive Labour * The Legacy of Marx: Some Conclusions * Addendum: More on Human Psychology and 'Reductionism' Part 2 Socialism and The Soviet Experience * Introduction * Externalities and 'Internalities' * Shortages and the Sellers' Market * Plan Indicators And The Evaluation of Performance * The 'Curse of Scale', Innovation and Bureaucratic Fragmentation * Is it Planning? * Class Structure, Labour, Wages and Trade Unions * Agriculture and The Peasants * Investment Decisions and Criteria in Theory and Practice * Prices in Theory and Practice * Mathematical Methods and Programming * Growth and Full Employment * Foreign Trade * The Cost of What Is Missing * Conclusion: Centralised Planning and Democratic Socialism * A Short Digression on 'Ideology' Part 3 Reform Models: Hungary, Yugoslavia, Poland, China * Some 'Revisionist' Critiques * The Hungarian Reform * Yugoslavia and Workers' Self-Management * Private Agriculture in Yugoslavia and Poland: Peasants and Farmers * The Polish Experience: the Road to Catastrophe * China: Leap Forward, Cultural Revolution and Reform Part 4 Transition * Some Introductory Remarks * Transition I: From Capitalism to Socialism * Some Thoughts on Nationalism * Transition II: From 'Socialism' to Socialism * 'Development Socialism' Part 5 Feasible Socialism * Some Social-Political Assumptions * Enterprises, Markets and Competition * Prices, Profits, and Theory of Value * Division of Labour, Income Differentials and Self-Management * Investments and Growth * Foreign Trade * The Economic Role of Democratic Politics * Is It Socialism? Conclusion

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