Journal of Economic Perspectives: Vol. 8 No. 2 (Spring 1994)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

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


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)


Bardhan, Pranab (U CA, Berkeley)
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


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us