Title: Whither socialism? /
Authors: Stiglitz, Joseph E.
Publisher: MIT Press,
Year: 1994
Subjects: Mixed economy Mathematical models.; Capitalism Mathematical models.; Neoclassical school of economics.
Abstract: This book expands on the Wicksell Lectures presented at the Stockholm School of Economics in April 1990. Includes bibliographical references (p. [307]-323) and index.
Contents: 1. The Theory of Socialism and the Power of Economic Ideas -- 2. The Debate over Market Socialism: A First Approach -- 3. Critique of the First Fundamental Theorem of Welfare Economics -- 4. A Critique of the Second Fundamental Theorem -- 5. Criticisms of the Lange-Lerner-Taylor Theorem: Incentives -- 6. Market Rationing and Nonprice Allocations within Market Economies -- 7. Competition -- 8. Innovation -- 9. Centralization, Decentralization, Markets, and Market Socialism -- 10. Privatization -- 11. The Socialist Experiment: What Went Wrong? -- 12. Reform of Capital Markets -- 13. Asking the Right Questions: Theory and Evidence -- 14. Five Myths about Markets and Market Socialism -- 15. Some Tentative Recommendations -- 16. Philosophical Speculations -- 17. Conclusions.