BazEkon - Machaj Mateusz. Socialist Challenge: Calculation or Contestability?

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Author

Machaj Mateusz (University of Wrocław, Poland)

Title

Socialist Challenge: Calculation or Contestability?

Source

Optimum : Economic Studies, 2018, nr 4(94), s. 146-153, bibliogr. s. 152-153

Keyword

System gospodarczy, Gospodarka socjalistyczna, Rachunek ekonomiczny
Economic system, Socialist economy, Economic calculation

Note

JEL Classification: B13, D02, P51
summ.

Abstract

Due to the recent discussion in the Review of Political Economy there was observed the reignited debate on the nature of the socialist system and economic calculation challenge [Denis, 2015; Bylund, Manish, 2017]. In the paper I will not discuss directly the theses of both sides. I will attempt to show their polemic results of the ambiguity of the initial calculation argument [Mises, 1990]. It appears that the argument against the possibility of socialism could be called "the contestability argument" rather than "the calculation argument". The goal of this paper is to reformulate the initial argument about the economic rationality of socialist projects. (original abstract)

Accessibility

The Library of Warsaw School of Economics
The Library of University of Economics in Katowice

Full text

Bibliography

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Denis A., 2015, Economic Calculation: Private Property or Several Control, "Review of
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Lange O, 1936, On the Economic Theory of Socialism: Part One, "Review of Economic Studies", vol. 4(1).
Mises L., 1990, Economic Calculation in the Socialist Commonwealth, Ludwig von Mises Institute, Auburn, Alabama.
Mises L., 1998, Human Action. A Treatise on Economics, Mises Institute, Auburn, Alabama.
Mises L., 2002, New Contributions to the Problem of Socialist Economic Calculation, [in:] Selected Writings of Ludwig von Mises. Between the Two World Wars: Monetary Disorder, Interventionism, Socialism, and the Great Depression, Ebeling R. (ed.), Liberty Fund, Indianapolis, Indiana.
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Cited by

ISSN

1506-7637

Language

eng

URI / DOI