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After being proclaimed dead, there is now a major revival of socialism ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Further experiments in that direction must be subordinate to higher principles of liberal solidarity, involving a mixed market economy with a welfare state.

Characteristically readable, controversial and full of insights, Alec Nove's new book is essential reading for anyone concerned with evaluating the relevance of Marxism to contemporary social and economic problems.

'Real socialism' has failed: its economy is ruined, its political system is in tatters. Reforms would appear to be not only necessary, but inevitable. What about the socialist ideas and ideals? Are the values for which people have fought for decades now out of date? Would it not be conceivable to build a system in which the true values of socialism could become reality at last? This book attempts to discuss the beginnings of a theoretical concept for such a system, and to define the foundations of a conceivable model.

While some conclude from the revolutions of 1989 that socialism is dead, interest in socialism continues because of persisting problems of contemporary capitalism. In this exciting text, Michael W. Howard offers critiques of liberal, communitarian, postmodern and some Marxist perspectives in order to develop a 'left-liberal' defense of a model of self-managed market socialism that includes a basic income for all. Specific applications of his view include analyses of its implications for the global marketplace, the changing nature of workplaces, and media restructuring and ownership. This work is sure to be of interest to social scientists, public policy makers, and economists as well as to feminists, ecologists, and others concerned with how market socialism is relevant to their social issues.

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