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Books > Social sciences > Politics & government > Political ideologies > Socialism & left-of-centre democratic ideologies
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Is Socialism Feasible? - Towards an Alternative Future (Paperback)
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Is Socialism Feasible? - Towards an Alternative Future (Paperback)
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After being proclaimed dead, there is now a major revival of
socialist ideology in the West. But what does socialism mean? This
book shows that it is irretrievably associated with common
ownership. The twentieth-century experience of comprehensive
national planning with state ownership has been disastrous, and in
no case has democracy endured within large-scale socialism. This
volume explains why. The alternative socialist option of
worker-owned cooperatives must accept a major role for markets that
many socialists reject. Featuring theoretical arguments and
practical investigations, Geoffrey M. Hodgson interrogates the
failures of socialist states, scrutinizing the impact and outcomes
of a centralized politico-economic system. This timely and
convincing book offers insight into the twentieth-century
experience of comprehensive national planning, deploying
less-well-known criticisms from Albert Schaffle and Michael
Polanyi. Hodgson's nuanced approach brings together small-scale
socialist praxis and principles of liberal solidarity, exploring an
experimental approach to political and economic reform.
Provocative, insightful and accessible, this book is of
considerable interest to any reader with an appetite for the
history of socialist theory, as well as those keen to explore new
insights to heterodox economics. Students and academics of the
social sciences and humanities will benefit from this book's
rigorous empirical approach to historic and contemporary socialist
states and its in-depth discussion of Austrian school theory.
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