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Article

On the Workability of Market Socialism

Pranab Bardhan; John E. Roemer · Journal of Economic Perspectives 8(2), 177–181 · 1994

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Type
Article
Author
Pranab Bardhan; John E. Roemer
Identifier
DOI 10.1257/jep.8.2.177
Accessed
2026-09-01

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DisputedBardhan and Roemer (1994) argued, against Shleifer and Vishny, that market socialism could take firms out of the orbit of state control and that democratic politics could mitigate the inefficiencies critics attribute to public ownership.