Graduate studies at Western
Critical Review 16 (1):33-52 (2004)
|Abstract||Abstract In the 1920s, Austrian?school economists began to argue that in a fully socialized economy, free of competitively generated prices, central planners would have no way to calculate which methods of production would be the most economical. They claimed that this ?economic calculation problem? showed that socialism is ?impossible.? Although many believe that the Austrian position was later vindicated by the collapse of the Soviet bloc, the Austrian school's own methodology disallows such a conclusion. And historical evidence suggests that poor incentives?not lack of economic calculation?were the main source of the economic defects of ?really existing socialism.?|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Peter J. Boettke & Peter T. Leeson (2005). Still Impossible After All These Years: Reply to Caplan. Critical Review 17 (1-2):155-170.
David Gordon (2005). Calculation and Chaos: Reply to Caplan. Critical Review 17 (1-2):171-178.
Rodolfo A. Gonzalez & Edward Stringham (2005). Incentives Vs. Knowledge: Reply to Caplan. Critical Review 17 (1-2):179-202.
Bryan Caplan (2005). Toward a New Consensus on the Economics of Socialism: Rejoinder to My Critics. Critical Review 17 (1-2):203-220.
Francisco Gutiérrez Sanín (1995). Elite Perceptions of Workers, Conflict and Socialism: The Case of Poland, 1956-1989. Science and Society 59 (4):470 - 497.
David Campbell (1985). Rationality, Democracy, and Freedom in Marxist Critiques of Hegel's Philosophy of Right. Inquiry 28 (1-4):55 – 74.
Dennis H. Wrong (2004). Is Capitalism Eternal? Critical Review 16 (1):23-32.
Added to index2011-10-18
Total downloads10 ( #114,476 of 739,354 )
Recent downloads (6 months)1 ( #61,680 of 739,354 )
How can I increase my downloads?