Mixed Socialist Economies
The notion of a mixed economy is not inclusive to capitalist economies - that is, economies structured upon capital accumulation and privately owned profit-seeking enterprises. Many different proposals for socialist economic systems call for a type of mixed economy, where multiple forms of ownership over the means of production co-exist with one another. For example, Alec Nove's conception of feasible socialism provides an outline for an economic system based on a combination of state-enterprises for large industries, worker and consumer cooperatives, private enterprises for small-scale operations, and individually owned enterprises.
Some proposals for market socialism involve a role for both economic planning and market forces in coordinating economic decisions.
The social democratic theorist Eduard Bernstein advocated a form of mixed economy, believing that a mixed system of public, cooperative and private enterprise would be necessary for a long period of time before capitalism would evolve of its own accord into socialism.
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Famous quotes containing the words mixed and/or socialist:
“There are certain queer times and occasions in this strange mixed affair we call life when a man takes this whole universe for a vast practical joke, though the wit thereof he but dimly discerns, and more than suspects that the joke is at nobody’s expense but his own.”
—Herman Melville (1819–1891)
“I pass the test that says a man who isn’t a socialist at 20 has no heart, and a man who is a socialist at 40 has no head.”
—William Casey (1913–1987)