Is socialism back? A review of contemporary economic literature

Emilio Carnevali, André Pedersen Ystehede*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)
2 Downloads (Pure)


The paper deals with the recent resurgence of interest in the concept of “socialism” from an economic perspective. The most significant contemporary proposals for a new model of socialism are surveyed across five major thematic areas: socialism as a voluntary endeavor and socialist ethics; socialism as a process of democratization; socialism, efficiency and profit maximization; the problem of planning and the new calculation debate; and, socialism as a means versus socialism as an end. A common framework to assess the new blueprints is constructed to identify the likely directions of the research on these themes in the near future.

Original languageEnglish
Pages (from-to)239-270
Number of pages32
JournalJournal of Economic Surveys
Issue number2
Early online date19 Jan 2022
Publication statusPublished - 1 Apr 2023


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