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New WORKING PAPER: “On the Takeover Mechanism in Market Socialism”, by Emilio Carnevali and Matteo Sommacal.
The paper investigates the reasons for the socialist movement’s historical distrust of the development of “well-defined” economic projects. This attitude seems to have changed, as a variety of blueprints for a socialist economy have been discussed in contemporary economic literature.
The article also addresses the market socialism scheme developed by economist Giacomo Corneo and proposes a different mathematical formulation of the mechanism through which the takeover of private industries by the public sector should be conducted. The mechanism developed in this paper can have multiple applications: it provides an elegant solution to the problem of extracting correct information from economic agents by the public authority. This problem affects socialist and capitalist economies alike.

Here the PDF of the WORKING PAPER.