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The Economics of Feasible Socialism Revisited - Alec Nove

The Economics of Feasible Socialism Revisited

By: Alec Nove

Paperback Published: 1st April 1991
ISBN: 9780044460152
Number Of Pages: 288

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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.

A Note on the Notes
Addendum to Preface, January 1984
Preface to the Second Edition
Introduction: Socialism--Why?p. 1
The Legacy of Marxp. 12
What Did Marx Mean by Socialism?p. 12
Abundance, Scarcity and the New Manp. 17
The Law of Value under Socialismp. 22
A Digression on Marxian Economicsp. 33
Sancta Simplicitasp. 35
The Ex Ante Illusionp. 42
Quality and Quantityp. 46
Division of Labourp. 50
Material and Moral Incentivesp. 55
The 'Proletariat' and Productive Labourp. 59
The Legacy of Marx: Some Conclusionsp. 63
Addendum: More on Human Psychology and 'Reductionism'p. 65
Socialism and the Soviet Experiencep. 73
Introductionp. 73
Externalities and 'Internalities'p. 74
Shortages and the Sellers' Marketp. 76
Planning Indicators and the Evaluation of Performancep. 78
The 'Curse of Scale', Innovation and Bureaucratic Fragmentationp. 80
Is It Planning?p. 86
Class Structure, Labour, Wages and Trade Unionsp. 87
Agriculture and the Peasantsp. 92
Investment Decisions and Criteria in Theory and Practicep. 97
Prices in Theory and Practicep. 104
Mathematical Methods and Programmingp. 110
Growth and Full Employmentp. 113
Foreign Tradep. 115
The Cost of What Is Missingp. 117
Conclusion: Centralised Planning and Democratic Socialismp. 120
A Short Digression on 'Ideology'p. 122
Reform Models and Experiencesp. 127
Some 'Revisionist' Critiquesp. 127
The Hungarian Reformp. 131
Yugoslavia and Workers' Self-Managementp. 142
Private Agriculture in Yugoslavia and Poland: Peasants and Farmersp. 150
The Polish Experience: the Road to Catastrophep. 154
China: Leap Forward, Cultural Revolution and Reformp. 156
Transitionp. 163
Some Introductory Remarksp. 163
Transition I: From Capitalism to Socialismp. 165
Some Thoughts on Nationalisationp. 175
Transition II: From 'Socialism' to Socialismp. 185
'Developmental Socialism'p. 194
Feasible Socialism?p. 209
Some Social-Political Assumptionsp. 209
Enterprises, Markets and Competitionp. 210
Prices, Profits and Theory of Valuep. 225
Division of Labour, Wage Differentials and Self-Managementp. 230
Investments and Growthp. 238
Foreign Tradep. 242
The Economic Role of Democratic Politicsp. 243
Is It Socialism?p. 245
Conclusionp. 247
Appendix 1: On Contradictionp. 250
Appendix 2: Three Critiquesp. 253
Appendix 3: A Note on Utopiap. 264
Indexp. 267
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780044460152
ISBN-10: 0044460155
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 288
Published: 1st April 1991
Country of Publication: GB
Dimensions (cm): 23.39 x 15.6  x 1.55
Weight (kg): 0.41
Edition Number: 2