"Bernie Sanders' socialist advocacy in the United States, communist China's economic successes and a Marxist revival are inspiring many to muse about improved strategies for building superior socialist futures. Socialist Economic Systems provides an objective record of socialism's promises and...

To understand the dramatic collapse of the socialist order and the current turmoil in the formerly communist world, this comprehensive work examines the most important common properties of all socialist societies. JNBnos Kornai brings a life-long study of the problems of the socialist system to...