John E. Roemer A Future for Socialism

ISBN 13: 9780674339460

A Future for Socialism

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9780674339460: A Future for Socialism

Many people point to recent events―the collapse of the Soviet Union, the electoral defeat of the Sandinistas―as proof that capitalism has triumphed over socialism once and for all. In A Future for Socialism, a noted economist argues that socialism is not dead but merely in need of modernizing. John Roemer believes that the hallmark of socialism is egalitarianism―equality of opportunity for self-realization and welfare, for political influence, and for social status―and he reminds us that capitalist societies face increasingly difficult problems of poverty and social inequality. Reenergizing a debate that began with Oskar Lange and Friedrich Hayek in the late 1930s, he brings to important questions of political economy a new level of sophistication in line with contemporary theories of justice and equality.

Roemer sees the solution of the principal-agent problem as the key to developing a decentralized market-socialist economy. This would be capable of maintaining efficiency and technological innovation while supporting a substantively more equal distribution of income than is achieved in capitalist economies. Roemer defends his views against skeptics on the right, who believe that efficiency and innovation are incompatible with egalitarianism, and skeptics on the left, who believe that socialism is incompatible with markets.

Because of its interdisciplinary approach, A Future for Socialism will appeal to a general social science audience, including economists, political scientists, sociologists, and political philosophers. It is also accessible to the interested reader.

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From the Back Cover:

This book attempts to sum up the historical experience of the twentieth century, what that experience implies about the future, if any, in relation to socialism.

About the Author:

John E. Roemer is Elizabeth S. and A. Varick Stout Professor of Political Science and Economics at Yale University.

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Book Description HARVARD UNIVERSITY PRESS, United States, 1994. Paperback. Book Condition: New. New. Language: English . Brand New Book ***** Print on Demand *****.Many people point to recent events--the collapse of the Soviet Union, the electoral defeat of the Sandinistas--as proof that capitalism has triumphed over socialism once and for all. In A Future for Socialism, a noted economist argues that socialism is not dead but merely in need of modernizing. John Roemer believes that the hallmark of socialism is egalitarianism--equality of opportunity for self-realization and welfare, for political influence, and for social status--and he reminds us that capitalist societies face increasingly difficult problems of poverty and social inequality. Reenergizing a debate that began with Oskar Lange and Friedrich Hayek in the late 1930s, he brings to important questions of political economy a new level of sophistication in line with contemporary theories of justice and equality. Roemer sees the solution of the principal-agent problem as the key to developing a decentralized market-socialist economy. This would be capable of maintaining efficiency and technological innovation while supporting a substantively more equal distribution of income than is achieved in capitalist economies. Roemer defends his views against skeptics on the right, who believe that efficiency and innovation are incompatible with egalitarianism, and skeptics on the left, who believe that socialism is incompatible with markets. Because of its interdisciplinary approach, A Future for Socialism will appeal to a general social science audience, including economists, political scientists, sociologists, and political philosophers. It is also accessible to the interested reader. Bookseller Inventory # APC9780674339460

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Book Description Harvard University Press. Paperback. Book Condition: New. Paperback. 182 pages. Dimensions: 8.3in. x 5.5in. x 0.6in.In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achilles heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9780674339460

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