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The Resource The philosophy and economics of market socialism : a critical study, N. Scott Arnold

The philosophy and economics of market socialism : a critical study, N. Scott Arnold

Creator
Summary
  • In this closely reasoned examination of the case for market socialism, N. Scott Arnold argues that even the most defensible version of market socialism would be deeply flawed. Specifically, it would be responsible for systematic and widespread 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 actually 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 organizations of a free enterprise system - the classical capitalist firm and the modern corporation - are structured in such a way that opportunities for exploitation among economic actors (e.g., managers, workers, providers of capital, customers) are minimized. By contrast, Arnold argues, in a market socialist regime of worker cooperatives, opportunities for exploitation abound
  • Arnold locates his comparative analysis of market socialism and the free enterprise system in the larger context of the capitalism/socialism debate. In his account of this debate - and in his contribution to it - he offers a distinctive and attractive vision of the relationship between economics and political philosophy. This vision clearly identifies the respective contributions that economics and political philosophy can make to the fundamental question of how social institutions are to be evaluated
Language
eng
Work
Publication
Extent
xiv, 301 pages
Contents
  • 1. Capitalism versus Socialism: An Analytical Perspective. Defining the Terms. The Nature of the Dispute. Criticizing Economic Systems. Defending Economic Systems. Resolution and Progress in the Dispute -- 2. Why Market Socialism? Motivating the Market. Social Ownership in a Market Economy. The Motivations for Social Ownership -- 3. Economic Exploitation. Exploitation as the Failure of Reciprocity. The Value of One's Contribution. Fair Exchanges and the Value of One's Contribution. The Question of Alternatives -- 4. Exploitation and the Economics of Organizations. Comparing Types of Economic Systems. The Foundations of the Economics of Organizations. An Illustration: The Classical Capitalist Firm. The Empirical Preconditions for Exploitation. Opportunism, Appropriable Quasi-Rents, and Exploitative Exchange -- 5. Transactions Cost Efficiencies of Capitalist Organizations. Some Methodological Considerations. The Classical Capitalist Firm Revisited. The Open Corporation
  • The Employment Relation in a Free Enterprise System -- 6. Exploitation in a Market Socialist Economy I. More Methodological Considerations. Exploitation among and by the Residual Claimants in the Cooperative. Other Forms of Exploitation in the Small-to-Medium-sized Cooperative -- 7. Exploitation in a Market Socialist Economy II. Exploitation in and through the Large Cooperative. Exploitation through State Organizations -- 8. Other Options for Market Socialism? Equity Ownership and Market Socialism. Other Forms of Ownership and Market Socialism. The Socialist Vision of the Good Society
Isbn
9780195088274
Instance
Label
The philosophy and economics of market socialism : a critical study
Title
The philosophy and economics of market socialism
Title remainder
a critical study
Statement of responsibility
N. Scott Arnold
Creator
Subject
Language
eng
Summary
  • In this closely reasoned examination of the case for market socialism, N. Scott Arnold argues that even the most defensible version of market socialism would be deeply flawed. Specifically, it would be responsible for systematic and widespread 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 actually 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 organizations of a free enterprise system - the classical capitalist firm and the modern corporation - are structured in such a way that opportunities for exploitation among economic actors (e.g., managers, workers, providers of capital, customers) are minimized. By contrast, Arnold argues, in a market socialist regime of worker cooperatives, opportunities for exploitation abound
  • Arnold locates his comparative analysis of market socialism and the free enterprise system in the larger context of the capitalism/socialism debate. In his account of this debate - and in his contribution to it - he offers a distinctive and attractive vision of the relationship between economics and political philosophy. This vision clearly identifies the respective contributions that economics and political philosophy can make to the fundamental question of how social institutions are to be evaluated
Cataloging source
DLC
http://library.link/vocab/creatorName
Arnold, N. Scott
Index
index present
LC call number
HB90
LC item number
.A77 1994
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Mixed economy
  • Marxian economics
  • Socialism
  • Economía política marxista
  • Socialismo
  • Marxian economics
  • Mixed economy
  • Socialism
  • Gemengde economie
  • Socialisme
  • Uitbuiting
  • Sozialistische Marktwirtschaft
Label
The philosophy and economics of market socialism : a critical study, N. Scott Arnold
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 283-291) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • 1. Capitalism versus Socialism: An Analytical Perspective. Defining the Terms. The Nature of the Dispute. Criticizing Economic Systems. Defending Economic Systems. Resolution and Progress in the Dispute -- 2. Why Market Socialism? Motivating the Market. Social Ownership in a Market Economy. The Motivations for Social Ownership -- 3. Economic Exploitation. Exploitation as the Failure of Reciprocity. The Value of One's Contribution. Fair Exchanges and the Value of One's Contribution. The Question of Alternatives -- 4. Exploitation and the Economics of Organizations. Comparing Types of Economic Systems. The Foundations of the Economics of Organizations. An Illustration: The Classical Capitalist Firm. The Empirical Preconditions for Exploitation. Opportunism, Appropriable Quasi-Rents, and Exploitative Exchange -- 5. Transactions Cost Efficiencies of Capitalist Organizations. Some Methodological Considerations. The Classical Capitalist Firm Revisited. The Open Corporation
  • The Employment Relation in a Free Enterprise System -- 6. Exploitation in a Market Socialist Economy I. More Methodological Considerations. Exploitation among and by the Residual Claimants in the Cooperative. Other Forms of Exploitation in the Small-to-Medium-sized Cooperative -- 7. Exploitation in a Market Socialist Economy II. Exploitation in and through the Large Cooperative. Exploitation through State Organizations -- 8. Other Options for Market Socialism? Equity Ownership and Market Socialism. Other Forms of Ownership and Market Socialism. The Socialist Vision of the Good Society
Dimensions
25 cm
Extent
xiv, 301 pages
Isbn
9780195088274
Lccn
93031714
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (OCoLC)28708610
  • (OCoLC)ocm28708610
Label
The philosophy and economics of market socialism : a critical study, N. Scott Arnold
Publication
Bibliography note
Includes bibliographical references (p. 283-291) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • 1. Capitalism versus Socialism: An Analytical Perspective. Defining the Terms. The Nature of the Dispute. Criticizing Economic Systems. Defending Economic Systems. Resolution and Progress in the Dispute -- 2. Why Market Socialism? Motivating the Market. Social Ownership in a Market Economy. The Motivations for Social Ownership -- 3. Economic Exploitation. Exploitation as the Failure of Reciprocity. The Value of One's Contribution. Fair Exchanges and the Value of One's Contribution. The Question of Alternatives -- 4. Exploitation and the Economics of Organizations. Comparing Types of Economic Systems. The Foundations of the Economics of Organizations. An Illustration: The Classical Capitalist Firm. The Empirical Preconditions for Exploitation. Opportunism, Appropriable Quasi-Rents, and Exploitative Exchange -- 5. Transactions Cost Efficiencies of Capitalist Organizations. Some Methodological Considerations. The Classical Capitalist Firm Revisited. The Open Corporation
  • The Employment Relation in a Free Enterprise System -- 6. Exploitation in a Market Socialist Economy I. More Methodological Considerations. Exploitation among and by the Residual Claimants in the Cooperative. Other Forms of Exploitation in the Small-to-Medium-sized Cooperative -- 7. Exploitation in a Market Socialist Economy II. Exploitation in and through the Large Cooperative. Exploitation through State Organizations -- 8. Other Options for Market Socialism? Equity Ownership and Market Socialism. Other Forms of Ownership and Market Socialism. The Socialist Vision of the Good Society
Dimensions
25 cm
Extent
xiv, 301 pages
Isbn
9780195088274
Lccn
93031714
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (OCoLC)28708610
  • (OCoLC)ocm28708610

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