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Socialist Optimism

An Alternative Political Economy for the Twenty-First Century

Palgrave Macmillan

Authors:

  • There are many books available making eloquent critiques of capitalism, but none offer such a rigorous, detailed blueprint of a twentyfirst century alternative
  • The book has been written to appeal to a broad international public
  • The book extends the current literature on a range of topics from political economy, politics, economics and history, making it valuable in a range of academic and teaching contexts

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-x
  2. Introduction

    1. Introduction

      • Paul Auerbach
      Pages 1-13
  3. Socialism and Central Planning

    1. Front Matter

      Pages 15-16
    2. Planning and Spontaneous Order

      • Paul Auerbach
      Pages 17-36
    3. The Giant Firm and the Plan

      • Paul Auerbach
      Pages 37-65
    4. Socialist Theory and Practice

      • Paul Auerbach
      Pages 97-125
  4. Human and Economic Development

    1. Front Matter

      Pages 157-159
    2. Education as a Social Process

      • Paul Auerbach
      Pages 191-224
    3. The Working and Living Environment

      • Paul Auerbach
      Pages 225-248
    4. The US as Exemplar and Paradigm

      • Paul Auerbach
      Pages 249-276
    5. Economic Growth and Inequality

      • Paul Auerbach
      Pages 277-315
  5. Socialism and Human Possibilities

    1. Front Matter

      Pages 317-318
    2. Education in a Free Society

      • Paul Auerbach
      Pages 319-363
    3. Equality and Democratic Control

      • Paul Auerbach
      Pages 364-421
    4. Conclusion

      • Paul Auerbach
      Pages 422-431
  6. Back Matter

    Pages 432-522

About this book

Paul Auerbach's Socialist Optimism offers an alternative political economy for the twenty-first century. Present-day capitalism has generated growing inequality of income and wealth, persistent high levels of unemployment and ever-diminishing prospects for young people. But in the absence of a positive vision of how society and the economy might develop in the future, the present trajectory of capitalism will never be derailed, no matter how acute the critique of present-day developments.

The detailed blueprint presented here focuses upon the education and upbringing of children in the context of social equality and household security. It yields a well-defined path to human development and liberation, as well as democratic control of working life and public affairs. Socialism as human development gives a unity and direction to progressive policies that are otherwise seen to be a form of pragmatic tinkering in the context of a pervasive capitalist reality.

Reviews

“Auerbach (Kingston Univ., UK) begins with a blunt description of present-day capitalism as a system of instability and dysfunction, producing inequality, unemployment, and diminishing prospects. Socialist Optimism offers an alternative vision for the future, one that rejects free-market neoliberalism, Keynesian managed capitalism, and traditional concepts of socialism as central planning. … It offers a pathway into the future that is both possible and profoundly transformative. Summing Up: Recommended. Upper-division undergraduates through faculty.” (R. Hudelson, Choice, Vol. 54 (3), November, 2016)

“With radical change in the air, Paul Auerbach has proposed a creative orientation for sustaining practical hope. Through the prism of education and its link to human potentials, Auerbach advances a biting critique of the ideology, political economy and class structures that sustain capitalism. And on this basis he presents an intriguing agenda for moving towards an egalitarian, solidaristic, democratically more substantive and culturally richer alternative.” (Sam Gindin, co-author of The Making of Global Capitalism)

“Here is a remarkable book that combines enormous wisdom, a deep historical and economic analysis, and a vision for a reconstructed socialist project which builds, not on fantasy, but on existing seeds within capitalism. Auerbach forensically analyses the errors of past socialist analysis and reconstructs a new vision founded on education and human development.” (Francis Green, Professor of Work and Education Economics, Institute of Education, University of London, UK, and author of Skills and Skilled Work)

“21st century capitalism, without a socialist rival to temper its excesses, has degenerated into a dystopia of financial instability, economic stagnation and extremes of inequality. The resultant lack of opportunity has stunted the development of a generation in a way that resembles a return to feudalism more than it does Hayek's vision of a creative spontaneous order. Auerbach proposes instead a socialism that emphasises human development, equality and genuine democracy.” (Steve Keen, author of Debunking Economics)

“Paul Auerbach has written a book not for the converted, not for those in search of certainties or dogmas, but for those looking for intelligent arguments, proposals which are historically based and theoretically sound with such the right dash of utopia to make the mix interesting and exciting – a book which puts at the centre of a major reform of society the pursuit of educational excellence for all.This is a book to be read slowly and carefully: the reader will emerge wiser and richer in the mind.” (Donald Sassoon, Professor of Comparative European History, University of London, UK, and author of One Hundred Years of Socialism)

“Paul Auerbach has written a brilliant and immensely important book. In the face of economic crisis, increasing inequality and looming environmental disaster we need more than defensive, “neoliberal light” policies or vague calls for radical change. Auerbach demonstrates how past socialist failures derive closely from a misreading of history. More importantly, his analysis points us in a new and promising direction. This ambitious book combines clear economic insight with a compelling vision for change. It will appeal to all who recognize the dangers and inequities of unfettered capitalism.” (Peter Skott, Professor of Economics, University of Massachusetts, Amherst, USA, and author of Conflict and Effective Demand in Economic Growth)

Authors and Affiliations

  • Kingston University, UK

    Paul Auerbach

About the author

Paul Auerbach received his PhD from the University of Wisconsin, USA, and has been Reader in Economics at Kingston University, UK, since 1990. He has published work in academic journals such as the Journal of Economic Surveys and the Journal of Economic Issues as well as the New Left Review, and is the author of Competition: The Economics of Industrial Change (1988). His research interests include the measurement of economic growth, the economics of competition, and the relationship between education and economic development.

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access