Alec Nove — ink portrait
§ The minds · 1915–1994 · Russia / UK · Economist

Alec Nove

Feasible socialism

A mixed, market-using socialism that could work.

Economic−70
SocialistMarket
Governance−2
LibertarianAuthoritarian
Social+30
TraditionalProgressive
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The economist whose 'The Economics of Feasible Socialism' argued for a realistic, market-using socialism of mixed ownership — a rebuke to both central planning and pure markets.

social

Sober social-democratic progressive.

economic

A pragmatic mix of state, cooperative and private firms in markets.

governance

Democratic and decentralised; wary of total planning.

Notable for
  • 'The Economics of Feasible Socialism'
  • Critique of total planning
  • Mixed-ownership model
feasible-socialismmixed-ownershipdecentralisation
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