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Capitalism, socialism and property rights : why market socialism cannot substitute the market
Authors: ---
ISBN: 1788211308 9781788211307 9781788210362 1788210360 1788210352 9781788210355 Year: 2023 Publisher: Newcastle upon Tyne : Agenda Publishing,

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Abstract

The comparative analysis of socialist and capitalist economic systems has given rise to a voluminous literature in the history of economic thought, yet detailed analysis of the 'market socialism' model, which seeks to imitate the functional efficiency of capitalism by simulating a competitive economy, has been relatively neglected. In this work, Mateusz Machaj seeks to redress this imbalance by providing an in-depth examination of one of the defining issues that separates capitalism from socialism - the system of ownership, or property rights - which, when explored, highlight fundamental problems in the market socialism model.

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