- Why is social democracy inadequate?
- In what sense was the USSR socialist?
- What can be learnt from the failure of Soviet socialism?
- What is the theoretical basis for a new socialism?
- Synopsis of the book
chapter 1: Inequality
- Sources of inequality
- Infirmity and old age
- Women's economic subordination
chapter 2: Eliminating Inequalities
- Benefits of income redistribution
- How much would one hour's labour produce?
- Equality more effective than growth
- Inequalities of labour
- Differential payment for education/skill?
- Specific labour shortages
- Differential payment for `personal qualities'?
- Skilled labour as a `produced input'
- Comparison with historically existing socialism
- Appendix: skilled labour multiplier
chapter 3: Work, Time and Computers
- Economies of time
- Objective social accounting
- Defining labour content
- The problem of scale
- The idea of complexity
- Simplifying the labour value problem
- High tech and intermediate tech solutions
chapter 4: Basic Concepts of Planning
- Planning and control
- Capitalist goals second order
- What would be first-order goals?
- Levels of planning
chapter 5: Strategic Planning
- Planning the industrial structure
- The environment and natural resources
- The time dimension of production
- Market and non-market distribution
- Rights of citizenship
- Freedom of choice
- Coping with scarcity
- Costs of metering
chapter 6: Detailed Planning
- Planning in the USSR
- Detail planning and stock constraints
- A new plan-balancing algorithm
- The harmony function
- Stages of the algorithm
- Economic cybernetics in Chile
chapter 7: Macroeconomic Planning
- Macro accounting in labour-time
- Household saving and credit
- Tax policy
- Ground rent
- Excise tax
- Taxation and Accumulation
chapter 8: The Marketing of Consumer Goods
- Market-clearing prices
- Consumer goods and the macro plan
- Comparison with capitalist markets
chapter 9: Planning and Information
- Information and property
- Requirements of a statistical service
- Product coding
- Unified stock control
- Standardised message formats
- Obtaining technical coefficients
- Information: social problems
- Information, performance measures and incentives
- Evaluating the performance of enterprises
- Statistical assessment for producer goods enterprises
- Against monopoly
- Rewards and sanctions?
chapter 10: Foreign Trade
- Technology and trade patterns
- Low wage and high wage economies
- Advantages of trade deficits
- International trade in context of socialism
- State demand for foreign currency
- Alternatives to foreign exchange
- Exchange rates, tourism and black markets
- Policy instruments
- Unsold Exports
- Improved terms of trade
chapter 11: Trade Between Socialist Countries
- Trade and property
- Less developed countries
- What we advocate
- Significance of national sovereignty
chapter 12: The Commune
- The activities of urban communes
- Food preparation
- Some leisure activities
- Helping senior citizens
- Basic rationale in terms of efficiency
- Systems of payment and external trade
- Distribution of tasks
- The legal status of communes
- Public policy
chapter 13: On Democracy
- Democracy and parliamentarism
- Direct democracy or soviet democracy?
- Institutions of classical democracy
- `Democratic centralism'---a dead end
- Is democracy possible today?
- Democracy and planning
- The acephalous state
chapter 14: Property Relations
- Who owns what?
- Encoding property rights
- What can be owned?
- Pure capitalism and mixed capitalism
- The Soviet model
- The enterprise as focus of contradictions
- The proposed communalist model
- Individual property rights
- Rights of Planning and economic projects
- Property in land
- Digression on the Ricardian theory of rent
- Ownership of natural resources
- Separation of control from benefit
chapter 15: Some Contrary Views Considered
- Distribution, values and prices
- Market socialism?
- Diane Elson: the socialised market?
- Aganbegyan: administrative and economic methods
[other information on the book]