4.1 Editorial Material

The way forward from Guild Socialism: a comment on Hodgson

Related references

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Article Economics

The institutional impossibility of guild socialism

Geoffrey M. Hodgson

Summary: Guild socialism, developed as an alternative to statist socialism, aimed to minimize markets and give higher administrative bodies the power to impose prices. However, this centralizing dynamic undermines the aspirations of "workers' control" and increases the burden on higher administrative bodies.

CAMBRIDGE JOURNAL OF ECONOMICS (2023)