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The Economics of Feasible Socialism
 
 
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The Economics of Feasible Socialism [Paperback]

Alec Nove
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Product details

  • Paperback: 260 pages
  • Publisher: Routledge; 1 edition (27 Jan 1983)
  • Language English
  • ISBN-10: 0043350496
  • ISBN-13: 978-0043350492
  • Product Dimensions: 15.2 x 22.9 x 1.5 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 875,038 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Alec Nove
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Product Description

Product Description

This is a path-breaking book. Characteristically readable, controversial and full of insights, Nove identifies a workable socialist programme, achievable in the lifetime of a child born today, that avoids far-fetched or utopian assumptions.

This text has been immensely influential in the West, and is available in translation in China, Hungary and the Soviet Union. Alec Nove begins by demonstrating why Marx's theories provide a misleading guide to the issues facing economists under any realistically conceivable socialism. He goes on to discuss the problems experinced by communist-ruled countries, especially the Soviet Union, and to suggest possible remedies and solutions. Nove also examines problems of transition, in the context of Western industrialised countries and the Third World. He concludes by outlining a possible efficienct and human socialism, and examines objections to these ideas from the Left and the Right.


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Most Helpful Customer Reviews
6 of 6 people found the following review helpful
By Lark TOP 500 REVIEWER
Format:Paperback
I think this book would be a good companion for Anthony Crosland's The Future of Socialism which is in paperback at the moment, its a shame its so expensive though, a lot of socialist books which are more like works of fiction are plentiful and inexpensive and its a real shame that the credible ones arent just as available and affordable.

Nove is an economist whos written at length about socialism and economics, in the USSR and around the world, edited some great books dealing with the calculation debate between Hayek, Mise and socialist economists about whether central planning could ever match markets in carrying out simultaneous equations, this debate is held as the bane of socialism and the bane of bureaucracy and its seldom that the other side of the story is heard.

In this book Nove treats as feasible a socialism which could be achieved in the life time of a child that is born today, minimises the role of expectations for leaps in consciousness or changes in character or conscience in achieving results and comes up with a powerful pragmatic set of ideas and proposals and a great criticism of marxism and marx influenced schools of thought (ie that marx is academic criticism without much practical suggestion, its a theory without a practice).

Along with the books on or opposed to participatory economics this should be on every socialist's book shelf, instead of all the trendy "hue and cry" criticism or trotskyist rubbish.
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Amazon.com:  2 reviews
10 of 12 people found the following review helpful
Not Another Hayek Hack 18 May 2007
By mark - Published on Amazon.com
Format:Paperback
People should read books not throw mud. The very title of the other review suggests a "disciple" of FA Hayek and the Liberty Fund of neo-cons. Nove's book offers the serious student of political economy insight into ways in which the ideals of socialism can work with mixed state and market initiatives, without collapsing under the ideological weight of the overwhelming economics as ideology of the age of neo-liberalism. Intelligent readers should give Nove a read and situate his thinking in juxtaposition with the works of Amartya Sen for provocative ideas about where, say the French left, might turn for some new initiatives.
4 of 4 people found the following review helpful
A good reference point for discussion on socialist economics 21 Nov 2008
By Shayn Mccallum - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
This book shows its age in many ways. As its author, the late Alec Nove, freely admits, the work was intended to advance an argument for the consideration of an audience interested in socialism. As a "modest contribution" to discussions of socialist economics, particularly among those of us still engaged in the socialist project, it provides a thought-provoking, helpful reference point.
In many respects the product of a tired realism, written at the end of a disappointing century, the book provides a sober and relatively realistic assessment of the failures and shortcomings of various attempts to build socialism and a cautious, rather modest and decidedly non-utopian proposal for its renewal.
The steadfast lack of utopianism in the work gives it a dry flavour that some might find uninspiring but, in fact, although the proposals Nove makes do not translate to socialism as it's often, conventionally understood, they may certainly provide the elements of a good transition program.
Works like Michael Albert's "Parecon" may provide a more radical and inspiring program for a future society than Nove's "feasible socialism" but the sheer power of the vision is, in itself, daunting (especially in the current era). We may come to turn back to Nove soon in the future and seriously consider his efforts to construct a less ambitious but, in the interim, probably more feasible socialist program for our market-worshipping times.
Whatever the flaws of Nove's "market socialism" may be(and,as writers both right and left point out, there are many) it may be the best we can realistically hope for in times like those we are currently living in. For that reason alone, this work makes a good departure point for discussion among those who are still interested in the potential of the unfinished and much-disgraced, socialist project.
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