Provides an overall assessment of problems and prospects for socialism (at a time of the abolition of the old Union of Soviet Socialist Republics and creation of a new “Commonwealth of Independent States”) by examination of three central themes. First, it is shown that because the old Soviet...

In this paper, we analyze power in five modes of social organization, as can be found in Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations. Specifically, we analyze Smith’s presentations of pre‐capital accumulation and private appropriation of land; feudalism; a...

Continues an examination of the Gorbechev era (1985‐91) in Soviet development as an example of a movement towards a more democratized form of Soviet‐style socialism. An earlier artilce focused on underlying causes and origins of this democratized version of Soviet socialism and its...

Examines the process of systemic disintegration in the USSR brought about by perestroika, demokratizatsiya and glasnost . Places Soviet economic crises in a broader political and nationalities context. Concludes that liberalization and democratization led both to the break‐up of the Communist...

After a clarification of definitions important in methodological discussions, a brief history of early methodological thought in economics and political economy is presented. The development of “orthodox” methodology is traced, and the fundamental assumptions underlying neoclassical economic...