The Philosophy and Economics of Market Socialism A Critical Study [Hardcover]

N. Scott Arnold argues that the most defensible version of a market socialist economic system would be unable to realize widely held socialist ideals and values. In particular, it would be responsible for widespread and systematic exploitation. The charge of exploitation, which is really a charge of injustice, has typically been made against capitalist systems by socialists. This book argues that it is market socialism--the only remaining viable form of socialism--that is systematically exploitative.

N. Scott Arnold's outstanding book makes a vital contribution to the debate over socialism; ...Arnold's discussion is a first-rate achievement. He has provided the best and most carefully worked out account of market socialism that I have read. His book is a model of how philosophers can use economic theory in their work--and in this department there can be no doubt of Arnold's efficiency. --The Mises Review

The book is well-argued and comprehensively researched...offers the community of scholars a serious challenge to the entire intellectual underpinnings of the Left's critique of capitalism. --Public Choice

N. Scott Arnold's outstanding book makes a vital contribution to the debate over socialism....Arnold's discussion is a first-rate achievement. He has provided the best and most carefully worked out account of market socialism that I have read. His book is a model of how philosophers can use economic theory in their work-and in this department there can be no doubt of Arnold's efficiency. As if that were not enough, the book contains a superb assortment of sarcastic remarks about lawyers. --The Mises Review