In a series of recent writings we have sought to re-open a debate over the economics of socialism. We have argued that the collapse of the Soviet system does not necessitate the conclusion that all forms of socialist economy are doomed to inefficiency. Updating and extending a line of reasoning found in Lange (1967) and Johansen (1977),1 we have claimed that modern information technology permit...

As many others in this volume have observed, the history of the People’s Republic of China after sixty years can be divided into two quite different eras of almost equal length, the socialist era dominated by Mao Zedong and the market-reform era dominated by one of his former lieutenants, Deng Xiaoping. It is also worth noting that Mao’s programs and policies did not outlive him for long and we...

This paper explores the role of public policy in the development of tourism in Jamaica. It focuses on two separate and contrasting periods. In the first, 1972–80, referred to here as ‘The Socialist Era’, the Jamaican government pursued goals of self-reliance combined with seeking to integrate tourism into Jamaican life. In the second period, 1980–89, ‘The Period of Capitalism’, emphasis was shi...

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Since 1978, China has embarked on the ambitious transition from a planned economy toward a market economy, which has resulted in profound changes in every aspect of the society, including the provision and consumption of housing. With privatization in the housing system and the emergence of a housing market, the rate of homeownership in urban China has sky-rocketed from around 20% in the 1980s ...

Introduction The theoretical crisis facing Marxism, and the political crisis gripping the socialist movement internationally, is clearly grave. In marked contrast to the past few decades, where to be progressive was to be socialist and to be intellectual was to be left, we are entering a decade where socialism is in retreat and leftists are on the defensive. Indeed, some have concluded that to ...

One of the main problems of agriculture in most countries is how to ensure further increases in agricultural production to give the population better nutrition and to guarantee increasing social security to farmers and all those employed in agriculture. This occupies the farmers' minds, for it concerns their own vital interests and their position in society; at the same time it is a concern of ...

At the close of the nineteenth and the commencement of the twentieth century, socialism began to gain momentum as a large-scale movement in Europe and the United States. This popularity was supported by an increased influence of the working class in society, which put pressure for representation upon European parliaments and began to secure concrete improvements in labor protection laws. Moreov...