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Strategies of Economic Development pp 233–262Cite as

Palgrave Macmillan

The Contradictions of Socialist Economies: A Marxist Interpretation

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Abstract

Public ownership of the means of production (in its forms of state, co-operative and local ownership) and macro-economic planning are the fundamental features of socialist economies of Marxist-Leninist inspiration. The known variants of this type of economy differ mainly in the extent and mix of public ownership, the degree of central control and its extension beyond the macro-economic sphere, the actual techniques of management and planning. These economies differ from both ‘associationist’ (or ‘self-management’) socialism of Yugoslavian type where there is no planning, and social democracy of Scandinavian type where private ownership and enterprise continue to dominate.

This is a shortened version of the paper published in The Socialist Register 1979 (London, The Merlin Press, 1979), 228–273

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Authors
  1. Domenico Mario Nuti
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Editors and Affiliations

  1. Institute of Social Studies, The Hague, Netherlands

    Kurt Martin (Professor Emeritus) (Professor Emeritus)

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© 1991 The Institute of Social Studies

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Nuti, D.M. (1991). The Contradictions of Socialist Economies: A Marxist Interpretation. In: Martin, K. (eds) Strategies of Economic Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12625-5_11

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