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Socialism: Institutional, Philosophical and Economic Issues

  • Book
  • © 1987

Overview

Editors:
  1. Svetozar Pejovich

    1. The Centre for Free Enterprise, Texas A & M University, USA

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Part of the book series: International Studies in Economics and Econometrics (ISEE, volume 14)

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Table of contents (12 chapters)

  1. Front Matter

    Pages I-X
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  2. Rights, Institutions, and Public Policy

    1. Front Matter

      Pages 1-1
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    2. Man and the State

      • James M. Buchanan
      Pages 3-9

    3. The Market and The Metamarket

      • Pedro Schwartz
      Pages 11-32

    4. The Limits of Economic Policy

      • Karl Brunner
      Pages 33-52

  3. Socialism: Philosophical Issues

    1. Front Matter

      Pages 53-53
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    2. Is Socialism Inevitable? Historical Prophecy and the Possibilities of Reason

      • Hans Albert
      Pages 55-88

    3. Socialism: Do The Ends Justify the Means?

      • Roland Vaubel
      Pages 89-113

    4. Hayek on Liberty and the Rule of Law: The Road to Serfdom Revisited

      • Dieter Schmidtchen
      Pages 115-144

  4. Socialism: Economic Issues

    1. Front Matter

      Pages 145-145
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    2. Information, Motivation, and the Problem of Rational Economic Calculation in Socialism

      • Peter Bernholz
      Pages 147-174

    3. Rational Expectations in Centrally Planned Economies

      • Jan S. Kowalski
      Pages 175-207

    4. The Case of Central Planning in the USSR

      • Andrzej Brzeski
      Pages 209-237

    5. The Case of Self-Management in Yugoslavia

      • Svetozar Pejovich
      Pages 239-249

    6. Economic and Social Consequences of Socialist Policies in France

      • Jacques Garello
      Pages 251-276

    7. The Case of Codetermination in West Germany

      • Christian Watrin
      Pages 277-314

  5. Back Matter

    Pages 315-322
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Keywords

About this book

It was Lenin's genius to recognize the importance of [socialist] system with all the trappings of embellishing the democracy. If the people want a constitution. give them one. and even include the bill of rights. If they want a parliament, give them that too. And a system of courts. If they want a federal system create that myth as well. Above all, let them have e 1 ecti ons, for the act of voti ng is what the common man most clearly associates with democracy. Give them all these, but make sure that they have no effect on how things are run. - G. Warren Nutter Most research by Western scholars has emphasized macroeconomics (and to a considerable extent still does) as the method of analysis and growth rates as a standard for evaluating the performance of different economies. In the early 1960s Nutter raised questions about the reported growth rates in socialist states, the importance of growth policies for human welfare, and the abil ity of macroeconomi cs to enhance our understandi ng of soci a 1 and economic processes. In his work, Nutter used the standard price theory adjusted to incorporate the incentive effects of property rights in resources. He was casti gated for defyi ng the traditi ona 1 wi sdom. Not surprisingly, history has validated Nutter's theoretical framework and his conclusions.

Editors and Affiliations

  • The Centre for Free Enterprise, Texas A & M University, USA

    Svetozar Pejovich

Bibliographic Information

  • Book Title: Socialism: Institutional, Philosophical and Economic Issues

  • Editors: Svetozar Pejovich

  • Series Title: International Studies in Economics and Econometrics

  • DOI: https://doi.org/10.1007/978-94-009-3571-6

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Martinus Nijhoff Publishers, Dordrecht 1987

  • Hardcover ISBN: 978-90-247-3487-0Due: 31 March 1987

  • Softcover ISBN: 978-94-010-8097-2Published: 30 September 2011

  • eBook ISBN: 978-94-009-3571-6Published: 06 December 2012

  • Series ISSN: 0924-5170

  • Edition Number: 1

  • Number of Pages: 332

  • Topics: Political Economy/Economic Systems

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