Is socialism back? A review of contemporary economic literature

Carnevali, Emilio and Pedersen Ystehede, André (2022) Is socialism back? A review of contemporary economic literature. Journal of Economic Surveys. ISSN 0950-0804 (In Press)

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Abstract

The paper deals with the recent resurgence of interest in the concept of “socialism” from an economic perspective. The most significant contemporary proposals for a new model of socialism are surveyed across five major thematic areas: socialism as a voluntary endeavor and socialist ethics; socialism as a process of democratization; socialism, efficiency and profit maximization; the problem of planning and the new calculation debate; and, socialism as a means versus socialism as an end. A common framework to assess the new blueprints is constructed to identify the likely directions of the research on these themes in the near future.

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