Devine begins with an analysis of the theory and practice of capitalist planning, central planning and 'market socialism'. He argues that, while market socialism is currently favoured by many economists who reject both capitalism and the command planning of the Soviet model, it cannot fulfil the promises held out for it. In the remainder of the bo

Pat Devine is Honorary Research Fellow at the University of Manchester. He is the co-author of An Introduction to Industrial Economics and What On Earth Is To Be Done?

Preface -- Introduction -- Introduction -- Historical Experience -- Capitalist Planning -- Central Planning -- Market Socialism -- Objectives -- The Socialization of Production -- Democracy -- Abolition of the Social Division of Labour -- Democratic Planning -- National Priorities and Planning -- Communities and Production Units -- Negotiated Coordination -- Conclusion -- Conclusion