Is Socialism Feasible?

Towards an Alternative Future

Geoffrey M. Hodgson, Institute for International Management, Loughborough University London, UK

After being proclaimed dead, there is now a major revival of socialism ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Further experiments in that direction must be subordinate to higher principles of liberal solidarity, involving a mixed market economy with a welfare state.

‘Socialism is being offered by the likes of Bernie Sanders, Jeremy Corbyn and Alexandra Ocasio-Cortez as a humane and democratic solution to pressing economic and environmental problems. Geoff Hodgson, the world’s foremost scholar on institutions of economic systems, has written a vital and urgent book explaining why this utopian dream is infeasible.’
– Jason Potts, RMIT University, Australia

2019 288 pp Paperback 978 1 78990 163 4 £31.96 £24.95 $31.96 $39.95
2019 288 pp Hardback 978 1 78990 161 0 £121.50 £85.00 $121.50 $135.00

Elgaronline 978 1 78990 162 7

Edward Elgar Publishing Ltd. is registered in the UK at: The Lypiatts, 15 Lansdown Road,
Cheltenham, Glos GL50 2JA. Registered number: 2041703

How To Order

Online

www.e-elgar.com

Get up to 20% discount when you order online

By Email

UK/ROW: [email protected]

N/S America: [email protected]

By Phone

UK/ROW: +44 (0) 1242 226934

N/S America: +1 413-584-5551

Connect With Us

Find us on Facebook

facebook.com/EdwardElgarPublishing

Follow us on Twitter

For news, views and offers

@ElgarPublishing

Read our Blog

For news, views and debate from our authors and readers.

https://www.elgar.blog

For More Information

UK/ROW: [email protected]

N/S America: [email protected]