published in Catalyst
Veneziani summarizes and critiques John E. Roemer's contributions to socialist theory. He writes that "Socialism, Roemer has taught us, does not require central planning, bureaucratic price setting, or state ownership of the means of production, and there exists a fundamental difference between markets and capitalism. Markets may be a powerful coordinating mechanism and are likely indispensable to allocate resources in any advanced economy."
866 days ago