Market Socialism

Disciplines: Economics, Political Science

Advocacy of markets as an element of socialism.

Markets are effective ways of distributing goods and services, and responding to actual wants. But they are not neutral, and the results they give depend upon the structure of laws and the distribution of wealth within which they operate.

Appropriate legal and economic structures can make markets an effective means of achieving the aims of socialists.

Source:
David Miller, Market, State and Community (Oxford, 1990)

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