Abstract
Can market socialism realize the socialist vision of the good society by ending exploitation and alienation, substantially reducing inequalities of wealth and income, ensuring full employment, and correcting other market irrationalities? A comparative analysis of the organizational forms of capitalism (notably the small owner?operated firm and the large corporation) and market socialism (the self?managed cooperative that rents its capital from the state) reveals the relative efficiencies of capitalism in reducing transaction costs, in turn reducing the opportunities for exploitation. By contrast, the transaction cost inefficiencies of the organizations of market socialism permit and encourage forms of exploitation that are precluded or discouraged under capitalism.
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DOI 10.1080/08913819208443278
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References found in this work BETA

Anarchy, State, and Utopia.Robert Nozick - 1974 - New York: Basic Books.
The Economic Basis of Deliberative Democracy.Joshua Cohen - 1989 - Social Philosophy and Policy 6 (2):25.
A Preface to Economic Democracy.Robert H. Dahl (ed.) - 1985 - University of California Press.
The Structure of Proletarian Unfreedom.G. A. Cohen - 1983 - Philosophy and Public Affairs 12 (1):3-33.

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Self‐Management: Is It Postmodernist?Peter Abell - 1995 - Critical Review: A Journal of Politics and Society 9 (3):341-348.

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