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Capitalism Versus Socialism: An Analytical Perspective

N. Scott Arnold

in The Philosophy and Economics of Market Socialism: A Critical Study

Published in print:
1995
Published Online:
October 2011
ISBN:
9780195088274
eISBN:
9780199853014
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195088274.003.0001
Subject:
Philosophy, Political Philosophy

This chapter begins by giving a definition of the terms capitalist economic system and socialist economic system. The former is defined using the concept of a free enterprise system, a system where ... More


Investment and Growth

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0009
Subject:
Economics and Finance, Economic Systems

This chapter addresses long‐term economic planning under the classical socialist system. The first two sections describe the motives of the participants and the centralized institutional framework of ... More


Consumption and Distribution

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0013
Subject:
Economics and Finance, Economic Systems

The material living conditions of citizens under a classical socialist system are considered. The first part of the chapter looks at consumption, material welfare, and economic security, and compares ... More


The Coherence of the Classical System

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0015
Subject:
Economics and Finance, Economic Systems

This last chapter on the classical socialist system identifies the main connections among the regularities in its constituent elements. First, the main lines of causality between the different ... More


Market Socialism

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0021
Subject:
Economics and Finance, Economic Systems

This chapter discusses the phenomenon of market socialism in the state sector. The practical changes involved in this constitute one of the major tendencies in the move away from classical socialism. ... More


The Subject and Method

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0001
Subject:
Economics and Finance, Economic Systems

This chapter explains the coverage of the book, and outlines the methods used in the analysis of the socialist system. The purpose of the book is stated as a close study of the phenomena, causal ... More


The Antecedents and Prototypes of the System

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0002
Subject:
Economics and Finance, Economic Systems

This chapter begins with an outline of the Marxian image of socialism, and of the three socialist‐system prototypes: the revolutionary‐transitional system (the transition from capitalism to ... More


Macro Tensions

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0023
Subject:
Economics and Finance, Economic Systems

Changes in the macroeconomy can be observed in countries undergoing reforms of classical socialism, and can result in tensions if the economy has shifted appreciably from classical towards market ... More


Shortage and Inflation: The Causes

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0012
Subject:
Economics and Finance, Economic Systems

An examination is made of the multiple causes of the two related phenomena of shortage and inflation in the classical socialist system, addressing these causes at both the micro and the macrolevel. ... More


Ideology

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0004
Subject:
Economics and Finance, Economic Systems

Aspects are discussed of the ideology of socialist systems, and of the ideas, beliefs, promises, values, and moral imperatives that contribute to the formation, stabilization, and maintenance of the ... More


Exploitation and the Economics of Organizations

N. Scott Arnold

in The Philosophy and Economics of Market Socialism: A Critical Study

Published in print:
1995
Published Online:
October 2011
ISBN:
9780195088274
eISBN:
9780199853014
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195088274.003.0004
Subject:
Philosophy, Political Philosophy

The market socialist system is differentiated from the free enterprise system by the types of organizations that are allowed to operate in their respective economies. While the free enterprise system ... More


Shortage and Inflation: The Phenomena

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0011
Subject:
Economics and Finance, Economic Systems

Shortage is explained basically in terms of the inherent characteristics of the classical socialist system. The examination concentrates on the system's constant, lasting features, with factors ... More


Political Liberalization

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0018
Subject:
Economics and Finance, Economic Systems

This chapter discusses political liberalization as one of the real reforming tendencies of classical socialism. Aspects addressed are the monopoly of power, the easing of repression, constant and ... More


Power

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0003
Subject:
Economics and Finance, Economic Systems

An account is given of the institutions of power in socialist systems and the way that they work. It starts with the party, and then goes on to the state, and the organizations and associations (mass ... More


The Dynamics of the Changes

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0016
Subject:
Economics and Finance, Economic Systems

This chapter looks at the causes for the move away from the classical socialist system and discusses the dynamics of the process. The inducements for the change, which may differ in depth and ... More


Money and Price

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0008
Subject:
Economics and Finance, Economic Systems

This chapter addresses the financial system and prices under the socialist system. The first three sections survey the institutions of the financial system and the structure of the financial ... More


The Rise of the Private Sector

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0019
Subject:
Economics and Finance, Economic Systems

The rise of the private sector is the most important tendency in the economic sphere during the process of reform of classical socialism. This is also matched by a no less strong tendency to obstruct ... More


Concluding Remarks

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0024
Subject:
Economics and Finance, Economic Systems

The final chapter provides a summary and appraisal of the reform process of classical socialism, and takes a further look forward at the transformation that supersedes the system. The four sections ... More


The Socialist System: The Political Economy of Communism

Janos Kornai

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.001.0001
Subject:
Economics and Finance, Economic Systems

This book presents a comprehensive analysis of socialist economics. It addresses the reasons for the early successes of socialist systems, and the reasons for their gradual breakdown. There are ... More


Employment and Wages

János Kornai

in The Socialist System: The Political Economy of Communism

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198287766
eISBN:
9780191596551
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287763.003.0010
Subject:
Economics and Finance, Economic Systems

A survey is made of the allocation of labour under classical socialism. This looks at the characteristics of labour allocation in the short and long term, and the behaviour of those taking part in ... More


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