Is socialism back? A review of contemporary economic literature

Emilio Carnevali, André Pedersen Ystehede*

*Corresponding author for this work

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The paper deals with the recent resurgence of interest in the concept of “socialism” from an economic perspective. The most significant contemporary proposals for a new model of socialism are surveyed across five major thematic areas: socialism as a voluntary endeavor and socialist ethics; socialism as a process of democratization; socialism, efficiency and profit maximization; the problem of planning and the new calculation debate; and, socialism as a means versus socialism as an end. A common framework to assess the new blueprints is constructed to identify the likely directions of the research on these themes in the near future.

Original languageEnglish
Number of pages32
JournalJournal of Economic Surveys
Early online date19 Jan 2022
Publication statusE-pub ahead of print - 19 Jan 2022


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