[OPE-L] Meaning of market socialism

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Sun Apr 22 2007 - 17:44:12 EDT

The term Market Socialism as used by Alejandro is a bit too ambiguous
to my liking. It groups together people who disagree on very important

I would not describe myself as a market socialist even though I am
infavour of the use of certain market mechanisms in the allocation
of consumer goods. What I oppose is the idea that 

a) money should be retained in a socialist economy
b) that production should be organised around enterprises which have
   disposition over their own means of production and which reproduce
   themselves by the purchase and sale of commodities.

My view is that if these two features are present what one has is
actually a capitalist economy, albeit possibly one in which the final
ownership of enterprises is vested either in workers cooperatives or
in the state.

Where properties a and b exist, then the means of production take
the form of capital and whatever the formal ownership of the enterprises,
may be, the logic of capitalist production relations will operate.

My understanding is that Lange was quite close to the position I am
arguing, and at a considerable distance from Roemer.

Paul Cockshott



This archive was generated by hypermail 2.1.5 : Mon Apr 30 2007 - 00:00:17 EDT