The existence of compensating differentials in Russian labor and housing markets is examined using data from the Russian Longitudinal Monitoring Survey (RLMS) augmented by city and regional-specific characteristics from other sources. While Russia is undergoing transition to a market economy, we...

The paper considers four definitions of socialism. The definition of socialism as the public ownership of production means appears acceptable, notwithstanding the Ellerman’s critiques and other defects. Acceptable is also the definition of socialism as the overturn of the capital-labour...

Two main subjects are dealt with in this paper: the democratic road to socialism in Marx and Engels’s works and, more generally, a feasible transition to a new social order. Starting out from the Marxian definition of revolution as the transition from one production mode to another, the author...

A system of firms managed by the workers, if organized in the LMF form as suggested by Vanek, realizes a new method of production, one of the possible forms of a market based socialism. Thus, it is interesting to investigate the issue of a transition from capitalism to the new mode of...

The cooperative movement in India has its unique status, role and impact in the socio-economic development of the country for providing organizational, economic and social support to give impetus to income generating activities for weaker sections of the society such as self employed workers,...

The author’s point is that the greatest advantage of a democratic firm system is a major impulse to political democracy. The idea that economic democracy furthers political democracy will sound fairly obvious not only to students of historical materialism, but also to anyone believing that...

Which is the fundamental contradiction of capitalism: the capital-labor polarity or the contrast between socialized production and private appropriation? Those looking on the capital-labor polarity as the main contradiction will argue that socialism arises when the passage from a system...

Two main subjects are dealt with in this paper: the democratic road to socialism in Marx and Engels’s works and, more generally, a feasible transition to a new social order. Starting out from the Marxian definition of revolution as the transition from one production mode to another, the author...

The purpose of this paper is to explain the role of institutions in different corporate governance arrangements. It applies the logic of trade-off amongst the marginal costs of participants in business organizations as a framework for analyzing corporate governance arrangements in different...

In this paper we use rich panel data for a representative sample of Estonian enterprises to analyse diverse issues related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine whether ownership changes are related to economic...