From Marx to Mises: Post-capitalist Society and the Challenge of Economic CalculationIn 1920, Ludwig von Mises proclaimed that all attempts to establish socialism would come to grief, for reasons of informational efficiency. At first, socialists and economists took Mises's argument seriously, but by the end of the Second World War, a consensus prevailed that Mises had been discredited. More recently, that consensus has been rapidly reversed: it is now widely agreed that 'Mises was right'. Yet the momentous implications of the Mises argument -- for economics, politics, culture, and philosophy -- remain largely unexplored. From Marx to Mises is a clear, penetrating exposition of the economic calculation debate, and a scrutiny of some of the broader issues it raises. |
Contents
THE ABOLITION OF THE MARKET | 25 |
THE ECONOMIC ORGANIZATION OF POST | 49 |
THE DISCOVERY OF THE ECONOMIC | 73 |
Copyright | |
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From Marx to Mises: Post-capitalist Society and the Challenge of Economic ... David Ramsay Steele No preview available - 1992 |
Common terms and phrases
actual administration allocation alternative argues benefits Bolsheviks capital capitalists Carens claim co-ops commodity commodity fetishism communism communist competition consumption cost decisions determined discussion economic calculation economic calculation problem economic theory economists efficient Engels enterprises example exchange exchange-value existing external consumers fact factor markets factors of production firms forces Hayek historical materialism increase individuals industry inefficient interest Kautsky kind kryptonite labor labor-vouchers Lange Lange's system Lenin less market prices market socialism Marx Marxian Marxists method Mises argument Mises's Misesian motivation NFM socialism organization outcome output ownership perfect competition person planned obsolescence possible praxeology pre-tax income problem profit property rights proposal quantities reason reduced refer relations rules self-management sense social-duty satisfactions socialist society society-wide planning someone spontaneous spontaneous order suppose surplus-value tion trade wages War Communism workers