On the takeover mechanism in market socialism

Emilio Carnevali () and Matteo Sommacal
Additional contact information
Emilio Carnevali: Northumbria University
Matteo Sommacal: Northumbria University

Journal of Economics, 2024, vol. 141, issue 3, No 2, 223-243

Abstract: Abstract In the three decades since the collapse of the Soviet Union, the notion of socialism has been swept into almost total disrepute. The more recent economic literature, however, has shown a resurgence of interest in the concept of socialism, albeit on very different theoretical grounds than in the past. This article investigates the reasons for the socialist movement’s historical distrust of the development of “well-defined” economic projects. This attitude seems to have disappeared in contemporary “socialist projects”. The article also discusses the Shareholder Socialism proposal developed by economist Corneo (Is capitalism obsolete? A journey through alternative economic systems. Harvard University Press, Cambridge, 2017, Ann Public Coop Econ 89(1):11–24, 2018, Rev Soc Econ 77(1):35–55, 2019) and proposes a different mathematical formulation of the mechanism through which the takeover of private industries by the public sector should be conducted.

Keywords: Market socialism; Nationalization; Economic systems; H1; B14; B24 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s00712-023-00849-4 Abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:141:y:2024:i:3:d:10.1007_s00712-023-00849-4

DOI: 10.1007/s00712-023-00849-4

Access Statistics for this article

Journal of Economics is currently edited by Giacomo Corneo

More articles in Journal of Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().