Future for Socialism

[A] timely and important effort to rekindle the fundamental debate over the possibility and desirability of socialist economic organization that has been so fruitful a source of economic theories and insights in the 20th century. Roemer writes with a sophisticated understanding of subtle economic points and an enviably lucid and concise style. This book would be an excellent supplement to undergraduate economic theory courses, reviewing a wide range of basic political economic concepts such as efficiency in allocation, principal-agent conflicts, theories of income distribution and technological innovation, and models of the political process, in the context of a concrete and compelling discussion of an important political-economic issue. Roemer puts forward a market-oriented model of socialism in which a private-enterprise sector of small privately held firms co-exists with a market-socialist sector of large publicly held and financed firms...One does not need to agree with Roemer's estimate of the relative merits of capitalism and socialism to find food for thought and discussion in his critical analysis of the fundamental economic issues involved.Roemer, John E. is the author of 'Future for Socialism' with ISBN 9780674339453 and ISBN 0674339452.