A Socialist Market Economy--Can It Work?
It is first shown that Oskar Lange's claim to have invalidated Ludwig von Mises's contention of the impossibility of rational economic activity in a socialist economy is neither logically nor essentially convincing. Furthermore, the Mises objection applies also in case of Jaroslav Vanek's labor-managed economy and its variants. Institutional economic approaches are to be applied that are able to clarify the ownership issue. In spite of a long debate, the author does not have a convincing theoretical proof that market socialism can work--apart from the negative experiences with real existing socialism. Copyright 1992 by WWZ and Helbing & Lichtenhahn Verlag AG
Year of publication: |
1992
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Authors: | Richter, Rudolf |
Published in: |
Kyklos. - Wiley Blackwell, ISSN 0023-5962. - Vol. 45.1992, 2, p. 185-207
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Publisher: |
Wiley Blackwell |
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