David Miller

in Market, State, and Community

Published in print December 1990 | ISBN: 9780198278641
Published online November 2003 | e-ISBN: 9780191599903 | DOI:

Series: Clarendon Paperbacks


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Market socialism is an alternative both to the free‐market thinking of the libertarian Right and to the statist thinking of many socialists. It aims to combine the freedom and efficiency advantages of markets with a more democratic organization of work and more equal distribution of resources. Co‐operatives can be an efficient way of organizing production, provided suitable investment agencies can be created to supply them with capital.

Keywords: capital; co‐operatives; democracy; efficiency; equality; freedom; libertarianism; market socialism; socialism

Chapter.  7643 words. 

Subjects: Political Theory

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