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Nov 24, 2022Liked by Lawrence Krubner

Are you familiar with the book, "The Economics of Feasible Socialism", by Alexander Nove? The first edition is from the early 1980s so even if you haven't read it, you may well have already absorbed some of the practical and computational arguments it raised. In any case it's readily available, including as a PDF, and IMO essential reading on this topic.

Fairly late in the book he proposed a list of 5 categories of firms that he thought would be appropriate under socialism and meet the criteria he had laid out for economical feasibility:

> 1. State enterprises, centrally controlled and administered, hereinafter centralised state corporations.

> 2. Publicly owned (or socially owned) enterprises with full autonomy and a management responsibie to the workforce, hereinafter socialised enterprises.

> 3. Enterprises owned and/or administered by the workforce (e.g. cooperatives, and other variants, employee shareholding, long leases, and so on).

> 4. Private enterprise (subject to limits, to be discussed).

> 5. Individuals (e.g. freelance journalists, plumbers, artists).

(I won't reproduce the full discussion of those 5 here.)

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