On the Workability of Market Socialism

Pranab Bardhan and John Roemer

Journal of Economic Perspectives, 1994, vol. 8, issue 2, 177-181

Abstract: Contrary to the claim of Andrei Shleifer and Robert W. Vishny (1994), it is conceivable under market socialism to take firms out of the orbit of state control and that a less narrow theory of the state than theirs allows the possibility of democratic socialism mitigating problems of economic inefficiency better than capitalism.

JEL-codes: P23 P26 (search for similar items in EconPapers)
Date: 1994
Note: DOI: 10.1257/jep.8.2.177
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Citations: View citations in EconPapers (4)

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