The Economics of Feasible Socialism Revisited

By: Alec Nove

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Paperback | 18 April 1991 | Edition Number 2

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292 Pages

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"The Economics of Feasible Socialism"--originally published in 1983--was a pathbreaking book. It identified a workable socialist program, achievable in the lifetime of a child born today, that avoided farfetched or Utopian assumptions and the deformations of "actually existing socialism" of the Soviet species. It has been immensely influential in the West, and is available in translation in China, Hungary and the Soviet Union.
Incorporating the many recent changes in the Soviet Union and Eastern Europe, Alec Nove has updated his book to produce this second edition. Characteristically readable, controversial, and full of insights, "The Economics of Feasible Socialism Revisited" will become essential reading for anyone concerned with evaluating the relevance of Marxism to contemporary social and economic problems and of the anti-socialist reaction typical of many economists in Eastern Europe.

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

The Economics of Feasible Socialism Revisited

At a Glance

Paperback

Shipping

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You Can Find This Book In

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