Originally published in 1988, this is the first systematic account of the writings of Hungarian dissidents and former students of George Lukacs, collectively known as the 'Budapest School'. Dr. Brown demonstrates the importance of their work in contributing to a logically consistent yet realistic theory of socialist mixed economies, and genuine radical democracies. The Budapest Schoool's model of radical democracy represents a critique of both industrial capitalism and existing socialist systems, with immediate political as well as philosophical importance. Dr. Brown is particularly concerned to draw out its significance for the practical realities of political economy, and the logical implications for desirable reform of Western mixed economies.

1. The philosophical foundation of the Budapest school 2. A neo-marxian conception of industrial capitalism3. Implications of the Budapest school's view of capitalism4. A neo-marxian conception of existing socialism5. Radical democracy : the alternative6. Defence of the mixed economy