The Economics of Feasible Socialism [NOOK Book]

Overview

This is a path-breaking book. Characteristically readable, controversial and full of insights, Nove identifies a workable socialist programme, achievable in the lifetime of a child born today, that avoids far-fetched or utopian assumptions.

This text has been immensely influential in the West, and is available in translation in China, Hungary and the Soviet Union. Alec Nove begins by demonstrating why Marx's theories provide a misleading guide to the issues facing economists ...

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The Economics of Feasible Socialism

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Overview

This is a path-breaking book. Characteristically readable, controversial and full of insights, Nove identifies a workable socialist programme, achievable in the lifetime of a child born today, that avoids far-fetched or utopian assumptions.

This text has been immensely influential in the West, and is available in translation in China, Hungary and the Soviet Union. Alec Nove begins by demonstrating why Marx's theories provide a misleading guide to the issues facing economists under any realistically conceivable socialism. He goes on to discuss the problems experinced by communist-ruled countries, especially the Soviet Union, and to suggest possible remedies and solutions. Nove also examines problems of transition, in the context of Western industrialised countries and the Third World. He concludes by outlining a possible efficienct and human socialism, and examines objections to these ideas from the Left and the Right.

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Product Details

  • ISBN-13: 9781136505355
  • Publisher: Taylor & Francis
  • Publication date: 11/5/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 264
  • File size: 833 KB

Table of Contents

Preface
A Note on the Notes
Addendum to Preface, January 1984
Preface to the Second Edition
Introduction: Socialism--Why? 1
Pt. l The Legacy of Marx 12
What Did Marx Mean by Socialism? 12
Abundance, Scarcity and the New Man 17
The Law of Value under Socialism 22
A Digression on Marxian Economics 33
Sancta Simplicitas 35
The Ex Ante Illusion 42
Quality and Quantity 46
Division of Labour 50
Material and Moral Incentives 55
The 'Proletariat' and Productive Labour 59
The Legacy of Marx: Some Conclusions 63
Addendum: More on Human Psychology and 'Reductionism' 65
Pt. 2 Socialism and the Soviet Experience 73
Introduction 73
Externalities and 'Internalities' 74
Shortages and the Sellers' Market 76
Planning Indicators and the Evaluation of Performance 78
The 'Curse of Scale', Innovation and Bureaucratic Fragmentation 80
Is It Planning? 86
Class Structure, Labour, Wages and Trade Unions 87
Agriculture and the Peasants 92
Investment Decisions and Criteria in Theory and Practice 97
Prices in Theory and Practice 104
Mathematical Methods and Programming 110
Growth and Full Employment 113
Foreign Trade 115
The Cost of What Is Missing 117
Conclusion: Centralised Planning and Democratic Socialism 120
A Short Digression on 'Ideology' 122
Pt. 3 Reform Models and Experiences 127
Some 'Revisionist' Critiques 127
The Hungarian Reform 131
Yugoslavia and Workers' Self-Management 142
Private Agriculture in Yugoslavia and Poland: Peasants and Farmers 150
The Polish Experience: the Road to Catastrophe 154
China: Leap Forward, Cultural Revolution and Reform 156
Pt. 4 Transition 163
Some Introductory Remarks 163
Transition I: From Capitalism to Socialism 165
Some Thoughts on Nationalisation 175
Transition II: From 'Socialism' to Socialism 185
'Developmental Socialism' 194
Pt. 5 Feasible Socialism? 209
Some Social-Political Assumptions 209
Enterprises, Markets and Competition 210
Prices, Profits and Theory of Value 225
Division of Labour, Wage Differentials and Self-Management 230
Investments and Growth 238
Foreign Trade 242
The Economic Role of Democratic Politics 243
Is It Socialism? 245
Conclusion 247
Appendix 1: On Contradiction 250
Appendix 2: Three Critiques 253
Appendix 3: A Note on Utopia 264
Index 267
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