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Author: M. A. Hamid
Publisher:
ISBN:
Category :
Languages : en
Pages : 90
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Author: M. A. Hamid
Publisher:
ISBN:
Category :
Languages : en
Pages : 90
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Book Description
Author: Friedrich A. von Hayek
Publisher: Ludwig von Mises Institute
ISBN: 1610165136
Category :
Languages : en
Pages : 302
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Author: Béla Csikós Nagy
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 382
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Book Description
Monograph on the socialist economic theory of prices and price policy - gives an account of the problems of socialist pricing in the context of its practical application as evolved in the European socialist countries, etc. References and statistical tables.
Author: Hüsnü Kizilylli
Publisher: Routledge
ISBN: 0429812450
Category : Business & Economics
Languages : en
Pages : 575
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Book Description
First published in 1998, this volume responded to the recent fall of the Soviet Union and looks at the process of transitioning away from Socialist economies, including case studies in the former Soviet Union, Poland, Hungary, China, East Germany and other Socialist countries. Taking the view that economic and political indicators suggest a lack of success in the post-Soviet transformation process, Kızılyallı argues that they have been unsuccessful due to poor planning. Kızılyallı notes an abandonment of the previous system and an ineffective implementation of market capitalism which have led to these negative outcomes. The new method developed herein provides a partial solution through estimating the correct exchange rate based on world prices and under conditions of macroeconomic equilibrium, while also allowing planning for sequencing market reforms. Reform issues are then discussed, followed by the reform experiences of Poland, Hungary, East Germany, China and the former Soviet Union. Lastly, developments in macroeconomic theory are reviewed in light of these case studies. Kızılyallı concludes that both neoclassical and new Keynesian theories fail to provide an economically meaningful framework for analysis of current economic and employment problems, nor for their cure.
Author: Oskar Lange
Publisher: Harvard University Press
ISBN:
Category : Political Science
Languages : en
Pages : 170
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Author:
Publisher: Ludwig von Mises Institute
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation. "The significance of Misess 1920 article extends far beyond its devastating demonstration of the impossibility of socialist economy and society. It provides the rationale for the price system, purely free markets, the security of private property against all encroachments, and sound money. Its thesis will continue to be relevant as long as economists and policy-makers want to understand why even minor government economic interventions consistently fail to achieve socially beneficial results. "Economic Calculation in the Socialist Commonwealth" surely ranks among the most important economic articles written this century." -Joseph T. Salerno, from the afterword
Author: Willet Crosby Roper
Publisher: Cambridge, Harvard University Press
ISBN:
Category : Economics
Languages : en
Pages : 80
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Author: Mr.Domenico Fanizza
Publisher: International Monetary Fund
ISBN: 1451846371
Category : Business & Economics
Languages : en
Pages : 30
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A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy in limiting output losses is identified.
Author: Jes£s Huerta de Soto
Publisher: Edward Elgar Publishing
ISBN: 1849805008
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
This highly topical book presents a new theory on the characteristics of entrepreneurial knowledge. It explores the recent shift among professional economists and scholars in their evaluation of the debate of socialism. Socialism, Economic Calculation and Entrepreneurship presents an application of Israel M. Kirzner's theory of entrepreneurship to the theory of the impossibility of socialism. It discusses the influence of the fall of socialism, with particular reference to the evolution of economic thought.
Author: Stanley Fischer
Publisher: World Bank Publications
ISBN:
Category : Economia de mercado - Paises socialistas
Languages : en
Pages : 50
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