CIAO DATE: 03/02


Critical Review

Critical Review

Summer 1996 (Vol.10 No.3)

Between Immorality and Unfeasibility: The Market Socialist Predicament

By David Ramsay Steele

Abstract

The recent proliferation of economically informed writings favoring market socialism exhibits dissonances in this evolving theoretical orientation. The ethical presuppositions of classical socialism have often been inherited by those who now embrace markets under socialism. But precisely because it accepts markets, market socialism may prove incompatible with these sentiments.