The Economics of Feasible Socialism

Introduction: Socialism Part 1 The Legacy of Marx * What Did Marx Mean By Socialism? * Abundance, Scarcity and The New Man * The Law of Value Under Socialism * A Digression on Marxian Economics * Sancta Simplicitas * The Ex Ante Illusion * Quality And Quantity * Division of Labour * Material and Moral Incentives * The Proletariat and Productive Labour * The Legacy of Marx: Some Conclusions * Addendum: More on Human Psychology and 'Reductionism' Part 2 Socialism and The Soviet Experience * Introduction * Externalities and 'Internalities' * Shortages and the Sellers' Market * Plan Indicators And The Evaluation of Performance * The 'Curse of Scale', Innovation and Bureaucratic Fragmentation * Is it Planning? * Class Structure, Labour, Wages and Trade Unions * Agriculture and The Peasants * Investment Decisions and Criteria in Theory and Practice * Prices in Theory and Practice * Mathematical Methods and Programming * Growth and Full Employment * Foreign Trade * The Cost of What Is Missing * Conclusion: Centralised Planning and Democratic Socialism * A Short Digression on 'Ideology' Part 3 Reform Models: Hungary, Yugoslavia, Poland, China * Some 'Revisionist' Critiques * The Hungarian Reform * Yugoslavia and Workers' Self-Management * Private Agriculture in Yugoslavia and Poland: Peasants and Farmers * The Polish Experience: the Road to Catastrophe * China: Leap Forward, Cultural Revolution and Reform Part 4 Transition * Some Introductory Remarks * Transition I: From Capitalism to Socialism * Some Thoughts on Nationalism * Transition II: From 'Socialism' to Socialism * 'Development Socialism' Part 5 Feasible Socialism * Some Social-Political Assumptions * Enterprises, Markets and Competition * Prices, Profits, and Theory of Value * Division of Labour, Income Differentials and Self-Management * Investments and Growth * Foreign Trade * The Economic Role of Democratic Politics * Is It Socialism? Conclusion