The Economics of Feasible Socialism

1st Edition

Alec Nove

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Routledge
Published November 5, 2013
Reference - 264 Pages
ISBN 9781315016399 - CAT# YE38062

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Summary

The first part of The Economics of Feasible Socialism demonstrates why Marx's theories provide no guide to the issues that must face economists under any realistically conceivable Socialism. The experience of communist-ruled countries, especially the former Soviet Union, is often negative: economic inefficiency, bureaucracy, despotism. The causes of these defects and possible remedies and reforms are discussed. The problems of transition, in the context of Western industrialized countries and of developing countries, is also examined, with particular attention centred on the errors of economic policy in Chile and China, amongst other countries.

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