Socialism as a Socio-economic System

Branko Horvat

Chapter 17 in The Evolution of Economic Systems, 1990, pp 186-192 from Palgrave Macmillan

Abstract: Abstract European societies had been developing capitalist institutions for a couple of centuries before — in the first half of the last century — the term capitalism appeared. Thus, the term simply denoted the socio-economic system that already existed. At about the same time the term socialism was also introduced. But it denoted a system which did not exist, which was yet to be created. Of all known social systems, socialism is the only one that exists as a project, not as a fact. A project can be accomplished in different ways or fail to be accomplished at all.

Keywords: Real Socialism; Socialist Economy; State Ownership; Full Employment; Socialist Project (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11153-4_17

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DOI: 10.1007/978-1-349-11153-4_17

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