On the takeover mechanism in market socialism

Author:

Carnevali EmilioORCID,Sommacal Matteo

Abstract

AbstractIn the three decades since the collapse of the Soviet Union, the notion of socialism has been swept into almost total disrepute. The more recent economic literature, however, has shown a resurgence of interest in the concept of socialism, albeit on very different theoretical grounds than in the past. This article investigates the reasons for the socialist movement’s historical distrust of the development of “well-defined” economic projects. This attitude seems to have disappeared in contemporary “socialist projects”. The article also discusses the Shareholder Socialism proposal developed by economist Corneo (Is capitalism obsolete? A journey through alternative economic systems. Harvard University Press, Cambridge, 2017, Ann Public Coop Econ 89(1):11–24, 2018, Rev Soc Econ 77(1):35–55, 2019) and proposes a different mathematical formulation of the mechanism through which the takeover of private industries by the public sector should be conducted.

Publisher

Springer Science and Business Media LLC

Reference30 articles.

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4. Brus W (1990) Market socialim. In: Eatwell J, Milgate M, Newman P (eds) Problem of the planned economy. The Macmillian Press Limited, New York, pp 164–177

5. Carnevali E, Pedersen Ystehede A (2022) Understanding socialism from the outside and from the inside: an interview with Alberto Chilosi. Munich Pers RePEc Arch 115461:1–30

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