Chapter

Consumption and Distribution

János Kornai

in The Socialist System

Published in print May 1992 | ISBN: 9780198287766
Published online November 2003 | e-ISBN: 9780191596551 | DOI: http://dx.doi.org/10.1093/0198287763.003.0013

Series: Clarendon Paperbacks

 Consumption and Distribution

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The material living conditions of citizens under a classical socialist system are considered. The first part of the chapter looks at consumption, material welfare, and economic security, and compares these under socialist and capitalist systems to the detriment of the socialist system. The second part examines the distribution of money income and material welfare among the various groups in society, again contrasting socialist and capitalist systems. Explanations are then advanced for the real inequality of distribution in welfare shown for the classical socialist system, and tendencies towards equalization and differentiation are discussed.

Keywords: capitalism; classical socialism; consumption; economic security; inequality; material welfare; money income; socialist systems

Chapter.  11266 words.  Illustrated.

Subjects: Economic Systems

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