Economics and Philosophy 3 (2):331 (1987)

David Schweickart
Loyola University, Chicago
Professor Arnold's reply to my reply seems not to have touched the substance of my argument. Perhaps I have been unclear. Arnold contends that any form of market socialism, if unchecked by central authorities, would revert to a system essentially undistinguishable from capitalism. Against this contention I have argued that a democratic, worker-controlled, market socialism that generates its investment fund by taxation exhibits no such tendency. Specifically, I argued that in such a society 1. there exists no tendency for socialized property to revert to private property ; 2. the ability of private individuals to accumulate vast wealth is sharply curtailed ; 3. the authority structures within enterprises are much more democratic than under capitalism; 4. intra-firm income differentials will be far more egalitarian than under capitalism
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DOI 10.1017/S0266267100002960
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References found in this work BETA

A Preface to Economic Democracy.Robert H. Dahl (ed.) - 1985 - University of California Press.
The New Industrial State.John Kenneth Galbraith - 1968 - Science and Society 32 (2):244-253.

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Final Reply to Professor Schweickart.N. Scott Arnold - 1987 - Economics and Philosophy 3 (2):335.

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