ABSTRACT
This chapter discusses that there is a vision of economic reform that can be usefully distinguished from capitalism and socialism, and whose promise has not been discredited by recent history. Even today in the West economic institutions exist that reflect aspects of classical republicanism and market socialism. Labor and product markets are competitive in the Jaroslav Vanek model. It is uncontroversial that the core citizenship rights are constituted with strong alienation and accumulation restraints. People still require property as a practical means both of effective participation, and of enjoyment of the fruits of participation. While workers get no additional payment when they leave, they have no strong economic interest in remaining either. Two criticisms are most commonly made of the social-republican program. The first is that it sacrifices productive efficiency to equality. The second is that it achieves internal institutional equality only at the cost of making its institutions more exclusive than comparable liberal institutions.
