From Marx to Mises: Post Capitalist Society and the Challenge of Ecomic 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 ECONOMIC ORGANIZATION OF POSTCAPITALIST SOCIETY | |
THE DISCOVERY OF THE ECONOMIC CALCULATION PROBLEM | |
REREADING MISES ON ECONOMIC CALCULATION | |
USING LABORHOURS TO PLAN PRODUCTION | |
FROM MARKET SIMULATION BACK TO MARKET SOCIALISM | |
PROPERTY RIGHTS AND THE LIMITS OF MARKET SOCIALISM | |
PLANNING AND THE MARKET | |
ABUNDANCE AND THE PRICE SYSTEM | |
ANARCHY STATE AND COMMUNISM | |
PROSPECTS FOR WORKERS SELFMANAGEMENT | |
IN DEFENSE OF SCIENTIFIC UTOPIANISM | |
BIBLIOGRAPHY | |
NOTES | |
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Common terms and phrases
actual administration allocation alternative argues benefits Bolsheviks capitalism capitalists Carens Carens’s claim commodity fetishism communism communist competition consumption conventional firms coops cost decisionmakers decisions determined discussion doesn’t economic calculation economic calculation problem economic theory economists efficient Engels enterprises example exchange existing fact factor markets factors of production Hayek historical materialism increase individuals industry inefficient interest Kautsky kind kryptonite labor labortime laborvouchers Lange Lange’s system Lenin less managers market prices market socialism Marx Marx’s theory Marxian Marxists method Mises argument Mises’s Misesian motivation NFM socialism nonmarket organization outcome output ownership people’s perfect competition person planned obsolescence possible praxeology prefer pretax income problem profit property rights proposal quantities reason reduced relations rules selfmanagement sense socialduty satisfactions socialist sociallynecessary labortime society societywide planning someone spontaneous spontaneous order suppose trade wages War Communism workers worksatisfaction