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Author: Theodore A. Burczak
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Develops an ethical and economically feasible model of socialism, based on a novel synthesis of Hayekian market process theory, Marxian class theory, and an Aristotelian theory of justice
Author: Theodore A. Burczak
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Develops an ethical and economically feasible model of socialism, based on a novel synthesis of Hayekian market process theory, Marxian class theory, and an Aristotelian theory of justice
Author: John Blundell
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In the last years of World War II, Friedrich Hayek wrote 'The Road to Serfdom'. He warned the Allies that policy proposals which were being canvassed for the post-war world ran the risk of destroying the very freedom for which they were fighting. On the basis of 'as in war, so in peace', economists and others were arguing that the government should plan all economic activity. Such planning, Hayek argued, would be incompatible with liberty, and had been at the very heart of the movements that had established both communism and Nazism. On its publication in 1944, the book caused a sensation. Neither its British nor its American publisher could keep up with demand, owing to wartime paper rationing. Then, in 1945, Reader's Digest published 'The Road to Serfdom' as the condensed book in its April edition. For the first and still the only time, the condensed book was placed at the front of the magazine instead of the back. Hayek found himself a celebrity, addressing a mass market. The condensed edition was republished for the first time by the IEA in 1999 and has been reissued to meet the continuing demand for its enduringly relevant and accessible message.
Author: F. A. Hayek
Publisher: University of Chicago Press
ISBN: 0226321347
Category : Political Science
Languages : en
Pages : 281
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Book Description
This volume of writings by the eminent economist documents his thought on socialism and war during the dark decades of the 1930s and 1940s. Throughout the twentieth century socialism and war were intimately connected. The unprecedented upheavals wrought by the two world wars and the Great Depression provided both opportunity and impetus for a variety of socialist experiments. Socialism and War presents F.A. Hayek’s insight into these topics as it evolved over the course of decades. Opening with Hayek’s arguments against market socialism, the volume continues with his writings on the economics of war, many in response to the proposals made in John Maynard Keynes’s famous pamphlet, How to Pay for the War. The last section presents articles that anticipated The Road to Serfdom, Hayek’s classic meditation on the dangers of collectivism. An appendix contains a number of topical book reviews written by Hayek during this crucial period, and a masterful introduction by the volume editor, Bruce Caldwell, sets Hayek’s work in context. Volume ten in The Collected Works of F.A. Hayek, Socialism and War will interest anyone concerned with the ongoing debates about government intervention in the economy.
Author: Ludwig von Mises
Publisher: VM eBooks
ISBN:
Category : Business & Economics
Languages : en
Pages : 766
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Book Description
Socialism is the watchword and the catchword of our day. The socialist idea dominates the modem spirit. The masses approve of it. It expresses the thoughts and feelings of all; it has set its seal upon our time. When history comes to tell our story it will write above the chapter “The Epoch of Socialism.” As yet, it is true, Socialism has not created a society which can be said to represent its ideal. But for more than a generation the policies of civilized nations have been directed towards nothing less than a gradual realization of Socialism.17 In recent years the movement has grown noticeably in vigour and tenacity. Some nations have sought to achieve Socialism, in its fullest sense, at a single stroke. Before our eyes Russian Bolshevism has already accomplished something which, whatever we believe to be its significance, must by the very magnitude of its design be regarded as one of the most remarkable achievements known to world history. Elsewhere no one has yet achieved so much. But with other peoples only the inner contradictions of Socialism itself and the fact that it cannot be completely realized have frustrated socialist triumph. They also have gone as far as they could under the given circumstances. Opposition in principle to Socialism there is none. Today no influential party would dare openly to advocate Private Property in the Means of Production. The word “Capitalism” expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas. In seeking to combat Socialism from the standpoint of their special class interest these opponents—the parties which particularly call themselves “bourgeois” or “peasant”—admit indirectly the validity of all the essentials of socialist thought. For if it is only possible to argue against the socialist programme that it endangers the particular interests of one part of humanity, one has really affirmed Socialism. If one complains that the system of economic and social organization which is based on private property in the means of production does not sufficiently consider the interests of the community, that it serves only the purposes of single strata, and that it limits productivity; and if therefore one demands with the supporters of the various “social-political” and “social-reform” movements, state interference in all fields of economic life, then one has fundamentally accepted the principle of the socialist programme. Or again, if one can only argue against socialism that the imperfections of human nature make its realization impossible, or that it is inexpedient under existing economic conditions to proceed at once to socialization, then one merely confesses that one has capitulated to socialist ideas. The nationalist, too, affirms socialism, and objects only to its Internationalism. He wishes to combine Socialism with the ideas of Imperialism and the struggle against foreign nations. He is a national, not an international socialist; but he, also, approves of the essential principles of Socialism.
Author: Friedrich a Hayek
Publisher:
ISBN: 9781258977924
Category :
Languages : en
Pages : 24
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Book Description
This is a new release of the original 1949 edition.
Author: Theodore A. Burczak
Publisher: University of Michigan Press
ISBN: 0472024302
Category : Business & Economics
Languages : en
Pages : 182
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Book Description
Socialism after Hayek recasts and reinvigorates the socialist quest for class justice by rendering it compatible with Hayek's social and economic theories. Theodore A. Burczak puts forth a conception of socialism from a postmodern perspective, drawing from the apparently opposing ideas of Marx and Hayek (the latter of whom achieved worldwide recognition in the twentieth century as a champion of the free market and fierce opponent of government interference in markets). Burczak sketches an institutional structure that would promote a democratic socialist notion of distributive justice and his own interpretation of Marx's notion of freely associated labor, while avoiding Hayek's criticisms of centrally planned socialism. Burczak's version of market socialism is one in which privately owned firms are run democratically by workers, governments engage in ongoing redistribution of wealth to support human development, and markets are otherwise unregulated. Burczak poses this model of "free market socialism" against other models of socialism, especially those developed by John Roemer, Michael Albert, and Robin Hahnel.
Author: F. A. Hayek
Publisher: University of Chicago Press
ISBN: 0226321215
Category : Business & Economics
Languages : en
Pages : 281
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Book Description
“These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt, Newsweek In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries. F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition. “There is much interesting and valuable material in this meaty . . . book which must ultimately help the world make up its mind on a vital issue: to plan or not to plan?” —S. E. Harris, The New York Times “Those who disagree with him cannot afford to ignore him . . . This is especially true of a book like the present one.” —George Soule, Nation
Author: F.A. Hayek
Publisher: Routledge
ISBN: 0429637977
Category : Business & Economics
Languages : en
Pages : 588
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Book Description
Originally published in 1960, The Constitution of Liberty delineates and defends the principles of a free society and traces the origin, rise, and decline of the rule of law. Casting a skeptical eye on the growth of the welfare state, Hayek examines the challenges to freedom posed by an ever expanding government as well as its corrosive effect on the creation, preservation, and utilization of knowledge. In distinction to those who confidently call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty. Striking a balance between skepticism and hope, Hayek’s profound insights remain strikingly vital half a century on. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from Hayek’s enduring wisdom.
Author: Joseph E. Stiglitz
Publisher: MIT Press
ISBN: 9780262691826
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book, Joseph Stiglitz explains how the neoclassical, or Walrasian model (the formal articulation of Adam Smith's invisible hand), which has dominated economic thought over the past half century, may have wrongly encouraged the belief that market socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater theoretical insight into the workings of a market economy and clearer guidance for the setting of policy in transitional economies. Stiglitz sees the critical failing in the standard neoclassical model underlying market socialism to be its assumptions concerning information, particularly its failure to consider the problems that arise from lack of perfect information and from the costs of acquiring information. He also identifies problems arising from its assumptions concerning completeness of markets, competitiveness of markets, and the absence of innovation. Stiglitz argues that not only did the existing paradigm fail to provide much guidance on the vital question of the choice of economic systems, the advice it did provide was often misleading.
Author: John E. Roemer
Publisher: Harvard University Press
ISBN: 9780674339460
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
