This volume sets forth as simply as possible the theoretical foundations which underlie the practical policies of democratic Socialism. This involves both a repudiation and a refutation of the assumptions of the older classical economists who believed in laissez-faire, and a careful differentiation of the economics of democratic Socialism from the neo-classical doctrines associated with the name of Maynard Keynes.
Table of Contents
1. What Are Socialist Economics? 2. The Socialists and the Keynesians 3. The Postulates of Socialist Economics 4. Planning, Employment and Production 5. Economic Democracy 6. International Economics 7. Socialist Economic Values
In 1941 Professor G.H.D. Cole was appointed sub-warden of Nuffield College, Oxford. He was central to the establishment of the Nuffield College Social Reconstruction Survey, which collected a large amount of demographic, economic, and social data. This information was used to advocate for an extensive programme of social reform.