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The Philosophy and Economics of Market Socialism – A Critical Study - Oxford Scholarship Online
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The Philosophy and Economics of Market Socialism: A Critical Study

N. Scott Arnold

Abstract

This book argues that the most defensible version of a market socialist economic system would be unable to realize widely held socialist ideals and values. In particular, it would be responsible for widespread and systematic exploitation. The charge of exploitation, which is really a charge of injustice, has typically been made against capitalist systems by socialists. This book argues that it is market socialism—the only remaining viable form of socialism—that is systematically exploitative. Recent work on the economics of contracts and organizations is used to show that the characteristic or ... More

Keywords: socialist ideals, socialist values, exploitation, injustice, market socialism, free enterprise system, workers, capitalism, social sciences

Bibliographic Information

Print publication date: 1995 Print ISBN-13: 9780195088274
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780195088274.001.0001

Authors

Affiliations are at time of print publication.

N. Scott Arnold, author
University of Alabama, Birmingham
Author Webpage