On the Takeover Mechanism in Market Socialism

Emilio Carnevali and Matteo Sommacal

MPRA Paper from University Library of Munich, Germany

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 Giacomo Corneo 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 (search for similar items in EconPapers)
JEL-codes: B14 B24 H1 (search for similar items in EconPapers)
Date: 2023-07
New Economics Papers: this item is included in nep-cis, nep-his and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117919

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