Socialist economics

This short book has been written at the request of the Fabian Society, whose members were felt to need some thing of the sort as a starting point for the fuller re statement of economic doctrines in accordance with socialist principles of production and distribution. The need was considered to be the greater because of a growing tendency to confuse state economic planning with Socialism, and thus to produce a diluted socialistic doctrine which is little more than Keynesian Liberalism with frills, or again to think of Socialism as concerned almost solely with the distribution of the national income and not with the conditions under which it is produced. Author conscious of having done no more than lay down certain broad socialist principles which call for much fuller elaboration than author has been able to give them in so brief a study; but author hope his view of the principles will commend itself to my fellow-Socialists, and will in duce some socialist economists to work them out much more thoroughly.