Is socialism back? A review of contemporary economic literature

Emilio Carnevali and André Pedersen Ystehede

Journal of Economic Surveys, 2023, vol. 37, issue 2, 239-270

Abstract: The paper deals with the recent resurgence of interest in the concept of “socialism” from an economic perspective. The most significant contemporary proposals for a new model of socialism are surveyed across five major thematic areas: socialism as a voluntary endeavor and socialist ethics; socialism as a process of democratization; socialism, efficiency and profit maximization; the problem of planning and the new calculation debate; and, socialism as a means versus socialism as an end. A common framework to assess the new blueprints is constructed to identify the likely directions of the research on these themes in the near future.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:37:y:2023:i:2:p:239-270

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