János Kornai

in The Socialist System

Published in print May 1992 | ISBN: 9780198287766
Published online November 2003 | e-ISBN: 9780191596551 | DOI:

Series: Clarendon Paperbacks


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The first part of the chapter explains the general concepts involved in ownership. It then considers some of the characteristic forms of private property (private ownership) typical of contemporary capitalism, before going on to a methodical examination of property rights (public ownership) under the classical socialist system. This covers the state‐owned firm, other forms of state property, the co‐operative, and the very restricted scope of private property and private production.

Keywords: capitalism; classical socialism; co‐operatives; private ownership; public ownership; state‐owned firms

Chapter.  12907 words.  Illustrated.

Subjects: Economic Systems

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