Marx to Market offered an extended revision of an argument offered by Brus in 1961 in The General Problems of the Functioning of the Socialist Economy. There, heavily influenced by the thinking of Kalecki, he argued that both democracy and market mechanisms were necessary in the transition to socialism. This was expanded further in 1989 with Brus and Łaski claiming that under market socialism, publicly owned firms would have to be autonomous – much as they are in market capitalist systems – and that this would necessitate a socialised capital market. In the countries of actually existing
...more
