With the decline of command economies in eastern europe china and elsewhere the systemic issue of the feasability of combining the market mechanism with some form of public or collective ownership or control over the distribution of surplus has assumed topical importance. State socialism which marx characterized in his critique of the gotha program as the defective phase or political transition period of communism has all but lost its once considerable cachet among professional intellectuals and practical social reformers. Additional resources for market socialism the current debate example text at the same time avoid putting all the initial focus on the sector policy and strategy statements work on possible implementation mechanisms with analysis of partner systems and procedures in parallel so as to avoid a hiatus when policy and strategy have been . Note citations are based on reference standards however formatting rules can vary widely between applications and fields of interest or study the specific requirements or preferences of your reviewing publisher classroom teacher institution or organization should be applied. The essays explore contemporary philosophical debates on this subject using the tools of modern economic theory general equilibrium theory game theory and the theory of mechanism design
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