Equality versus Incentives

Market Socialism: The Current Debate edited by Pranab K Bardhan and John E Roemer; Oxford University Press, 1993; pp 324, Rs 495.
THE reviewer has a difficult time with today's innumerable conference volumes composed "so much, so much of odds and ends". Even so, this particular volume is well structured and has papers of a uniformly high calibre. It is possible to tell a coherent story by taking up the central theme and drawing upon relevant arguments from the papers in the volume. Most of the chapters follow adiscursive rather than mathematical mode. Even so, they provide a pleasurable conceptual thicket to wander in.