Has John Roemer Resurrected Market Socialism?
By Michael Wohlgemuth
In his recent book, A Future for Socialism, economist John Roemer claims to have created a model of market socialism immune to the Austrian criticism that economic coordination requires free-market pricing, profit-and-loss incentives, capital markets and private property. Underneath Roemers numerous contradictions and misunderstandings lies a profoundly mistaken belief that market competition can be made compatible with coercive egalitarianism.
|Other Independent Review articles by Michael Wohlgemuth|
|Summer 2005||The Communicative Character of Capitalistic Competition:A Hayekian Response to the Habermasian Challenge|