(1968). While with notable exceptions market-oriented libertarians after Tucker tended to ally with the political right, relationships between those libertarians and the New Left thrived in the 1960s, laying the groundwork for modern left-wing market anarchism. Libertarian socialism, also known by various other names, is a left-wing, [1] anti-authoritarian, anti-statist and libertarian [2] political philosophy within the socialist movement which rejects the state's control of the economy under state socialism. Hayek (1935) argued against the proposal to simulate markets with equations. Pranab Bardhan and John Roemer proposed a form of market socialism where there was a stock market that distributed shares of the capital stock equally among citizens. The group's intellectual leader was Chris Pallis, who wrote under the name Maurice Brinton. Proponents of early market socialism include the Ricardian socialist economists, the classical liberal philosopher John Stuart Mill and the anarchist philosopher Pierre-Joseph Proudhon. Liberalism versus Socialism - Harvard Political Review Policies similar to the market socialist proposal of a social dividend and basic income scheme have been implemented on the basis of public ownership of natural resources in Alaska (Alaska Permanent Fund) and in Norway (the Government Pension Fund of Norway). [107], Unlike right-libertarians, left-libertarians believe that neither claiming nor mixing one's labor with natural resources is enough to generate full private property rights[108][109] and maintain that natural resources (land, oil, gold and trees) ought to be held in some egalitarian manner, either unowned or owned collectively. The most successful world economies have been achieved through economic freedom, entrepreneurship, and a positive work ethic. Anarcho-syndicalist Gaston Leval explained: "We therefore foresee a Society in which all activities will be coordinated, a structure that has, at the same time, sufficient flexibility to permit the greatest possible autonomy for social life, or for the life of each enterprise, and enough cohesiveness to prevent all disorder.

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