Catalyst Vol.6, No.3

This issue of Catalyst opens with an important essay by Mike Beggs on market socialism. Over the past few years, Catalyst has published essays by Sam Gindin and by John Roemer on the subject, with each offering his own arguments for a viable socialism, albeit one in which markets play an important role. In his contribution, Beggs places the democratic firm at the core and shows that if it is to be the microeconomic foundation of market socialism, it calls for a specific constellation of institutional supports to generate the desired macroeconomic outcomes. Beggs brilliantly lays out the overall structure of such a system with a level of detail rarely encountered in the literature.