Mixed Economy - Mixed Socialist Economies

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.

Read more about this topic:  Mixed Economy

Famous quotes containing the words mixed and/or socialist:

    When truth is nothing but the truth, it’s unnatural, it’s an abstraction that resembles nothing in the real world. In nature there are always so many other irrelevant things mixed up with the essential truth. That’s why art moves you—precisely because it’s unadulterated with all the irrelevancies of real life.
    Aldous Huxley (1894–1963)

    I nearly always find, when I ask a vegetarian if he is a socialist, or a socialist if he is a vegetarian, that the answer is in the affirmative.
    Katharine Fullerton Gerould (1879–1944)