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Journal of Economic Perspectives: Vol. 8 No. 2 (Spring 1994)
JEP Volume. 8, Issue 2 | 
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On the Workability of Market Socialism
Article Citation
Bardhan, Pranab, and
John E. Roemer. 1994. "On the Workability of Market Socialism."
Journal of Economic Perspectives,
8(2): 177-181.
DOI: 10.1257/jep.8.2.177
DOI: 10.1257/jep.8.2.177
Abstract
Contrary to the claim of Andrei Shleifer and Robert W. Vishny (1994), it is conceivable under market socialism to take firms out of the orbit of state control and that a less narrow theory of the state than theirs allows the possibility of democratic socialism mitigating problems of economic inefficiency better than capitalism.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Bardhan, Pranab (U CA, Berkeley)
Roemer, John E. (U CA, Davis)
Roemer, John E. (U CA, Davis)
JEL Classifications
P26: Socialist Systems and Transitional Economies: Political Economy; Property Rights
P23: Socialist Systems and Transitional Economies: Factor and Product Markets; Industry Studies; Population
P23: Socialist Systems and Transitional Economies: Factor and Product Markets; Industry Studies; Population
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