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Elliott examines three central issues in this article published originally in 1980: (1) the interdependence between fact and value; (2) policy objectives as a social fact, subject to explanation; and [...]

Abstract John Stuart Mill has traditionally been portrayed as self-contradictory and failing to construct a unified social theory. Recent scholarship, however, has challenged this view, finding Mill's work to be [...]

This paper examines the role of institutional change in post-Communist transition, notably in the sequence of transformations. It is often argued (e.g. Aslund, 1992) that, from the perspective of economic [...]

Cosmopolitan economics The essence of 'cosmopolitan economics', according to Friedrich List (who coined the expression) consists of a series of beliefs whereby -- to list just a few -- 'the [...]

This article examines critically the promises and dilemmas of 'capitalist transition' and economic transformation in the context of a post-communist society such as Russia. Discussion is organized around overall issues [...]

Karl Marx is ignored as an influential economist outside the Western world because neoclassical economists found his theories revolutionary. The teachings of Marx are relevant as they have led to the start of several interdisciplines.

Perestroika (economic restructuring) began as a reform programme to achieve modernization through economic restructuring. Under the banners of glasnost (openness) and demokratizatsiya (democratization), brought into being as a means to [...]

Joseph Schumpeter was an economic theorist who also made major contributions to political thought. His 'Capitalism, Socialism and Democracy,' published in 1942, advanced his notion of a 'pluralist elitist' model of equilibrium that became the basis for democratic theory in the 20th century. In his theory of democracy, Schumpeter focused on the relationship between socialism and capitalism. He interpreted democracy as incompatible with capitalism, a conclusion that contradicts modern beliefs in social and political economy.

Introduction The Cold War--that great, defining phenomenon of the post-World War II era--is now over. As we approach the twenty-first century, super-power rivalry between the USA and USSR need no [...]

This book provides a lucid, cohesive, and in its own terms plausible explication of the argument that a 'pragmatic market socialist' economy would be morally superior to contemporary actually existing [...]

There is a need to re-evaluate the problem and prospects of socialism with the dissolution of the old Soviet Union and the concomitant creation of the new Commonwealth of Independent States. There are three major considerations in this undertaking. It must be noted that the old Soviet regime greatly departed from the classic socialist theory. Also, serious problems can be discerned from the actual functioning of the totaltarian state. Lastly, the prospects of socialism is weakened by the conflict between authentic socialism and the Soviet experience.

I. The Context Of Marshall's Views On Socialism Alfred Marshall's views on socialism are interesting because they enhance our understanding of the subject, the author of these views, and social [...]

The authors advocate the reexamination of economic theory advanced by the German reformer Silvio Gesell in the early 20th century, arguing that his insights and proposals are relevant as the problems they address are still unresolved.

Abstract This paper argues that Adam Smith is a/the 'founding father figure' of modem social/political economy as well as economics. Smith wrote extensively and insightfully on the subject of power, [...]

The Taxonomy Of Primary Exploitation 1. Introduction The role of exploitation in production, the source of some of the oldest arguments in political economy, has again emerged at the center [...]

This book contains a collection of papers written between 1990 and 1992. It provides impressive theoretical and empirical analyses of two (sets of) central issues of 'Post-Soviet-Type' economies in transition: [...]