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Market Socialism or Participatory Planning?

Department of Economics, University of Manchester, Manchester M13 9PL

This paper consists of a critical analysis of the British school of market socialism and a discussion of participatory planning as an alternative model for a socialist economy. It concludes that market socialism's claim to combine efficiency with socialist objectives is incoherent and that, unlike market socialism, models of participatory planning have the potential to contribute to the renewal of the socialist project.

Review of Radical Political Economics, Vol. 24, No. 3-4, 67-89 (1992)
DOI: 10.1177/048661349202400305


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