The Economics of Feasible Socialism  book cover
1st Edition

The Economics of Feasible Socialism

ISBN 9780043350492
Published January 27, 1983 by Routledge
260 Pages

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Book 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.

Table of Contents

Introduction: Socialism – Why?; Part 1 The Legacy of MarxPart 2 Socialism and the Soviet Experience; Part 3 Reform Models: Hungary, Yugoslavia, Poland, China; Part 4 TransitionPart 5 Feasible Socialism?;

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Alec Nove Emeritus Professor of Economics, University of Glasgow


"...a fascinating and stimulating mixture of theoretical and empirical material on the Soviet-type economy."--International Affairs