This paper proposes an analytical-cum-conceptual framework for understanding the nature of institutions as well as their changes. First, it proposes a new definition of institution based on the notion of common knowledge regarding self-sustaining features of social interactions with hope to...

Klappentext: This book discusses the case for socialism and the models of socialist planning. Through examining different countries, each chapter examines the successes and failures of contrasting socialist policies. The theories and techniques of socialist planning are discussed in relation to...

1. Kautilya’s Arthashashtra and a mixed economy within Monarchy -- 2. Socialism in the Soviet Union -- 3. Socialism within a Democracy, Fabian Socialism in Yugoslavia, Scandinavia, India -- 4. Socialist theory of Feldman and Mahalanobis -- 5. Socialist Calculation -- 6. Contemporary capitalism...