Markets Within Planning: Socialist Economic Management in the Third World

This is a collection of papers which explore the implications of the shift towards a greater reliance on markets in socialist developing countries. There are two papers on theory (a Kalecki-Kornai model of over-accumulation) and history (the NEP) but the rest are country case-studies of China, Vietnam, Mozambique, Zimbabwe and Nicaragua. The four themes covered are planning, finance, peasant trade and labour markets. The general conclusion to emerge is that neither state-led forced industrialization nor free markets are an appropriate development policy, but rather that an adequate articulation of different forms of production, and accumulation within different property sectors, are needed.