Building a socialist economy: The market, planning and public ownership, 1931–40
Noel Thompson
Abstract
Noel Thompson
Abstract
Given then that the health of capitalism could be restored in some measure by the apposite combination of monetary, fiscal, exchange rate and wage policies, given that the evil of mass unemployment could be largely eliminated, living standards raised and economic progress resumed, what need was there for the construction of a socialist economy and what form should it take?
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Given then that the health of capitalism could be restored in some measure by the apposite combination of monetary, fiscal, exchange rate and wage policies, given that the evil of mass unemployment could be largely eliminated, living standards raised and economic progress resumed, what need was there for the construction of a socialist economy and what form should it take?
Key concepts: Socialist market economy, Public ownership, Business, Market economy, Planned economy, Economic system, Socialist economics, Economics