This study offers an insightful look at the current state of socialism presenting a clear-cut agenda to all those concerned for a more egalitarian world. Patnaik examines the aging of the command economy and its failure to provide for the needs ofMoreThis study offers an insightful look at the current state of socialism presenting a clear-cut agenda to all those concerned for a more egalitarian world. Patnaik examines the aging of the command economy and its failure to provide for the needs of the people, the role of self-interest in society and whether this is compatible with a planned economy, and the need for a motive to work in a socialist society.
These subjects are woven together with the various strands of economic thought which have led to what we today know as socialism and the welfare state.