Capitalism Socialism And Property Rights
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Author | : Mateusz Machaj |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : Capitalism |
ISBN | : |
The comparative analysis of socialist and capitalist economic systems has given rise to a voluminous literature in the history of economic thought, yet detailed analysis of the 'market socialism' model, which seeks to imitate the functional efficiency of capitalism by simulating a competitive economy, has been relatively neglected. In this work, Mateusz Machaj seeks to redress this imbalance by providing an in-depth examination of one of the defining issues that separates capitalism from socialism - the system of ownership, or property rights - which, when explored, highlight fundamental problems in the market socialism model.
Author | : Mateusz Machaj |
Publisher | : Austrian Economics |
Total Pages | : 226 |
Release | : 2018 |
Genre | : Business & Economics |
ISBN | : 9781788210355 |
Mateusz Machaj offers an in-depth examination of one of the defining issues that separates capitalism from socialism--the system of ownership or property rights--to highlight fundamental problems in the market socialism model. He shows that the mechanism of efficiency in market socialism is unable to play the part ascribed to it by its theoreticians.
Author | : Hanoch Dagan |
Publisher | : Cambridge University Press |
Total Pages | : 343 |
Release | : 2021-04-15 |
Genre | : Business & Economics |
ISBN | : 1108418546 |
Property law should expand opportunities for individual and collective self-determination and restrict options of interpersonal domination.
Author | : S. Pejovich |
Publisher | : Springer Science & Business Media |
Total Pages | : 204 |
Release | : 2007-08-20 |
Genre | : Business & Economics |
ISBN | : 0585285578 |
To understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits.
Author | : Hans-Hermann Hoppe |
Publisher | : Springer Science & Business Media |
Total Pages | : 281 |
Release | : 2013-06-29 |
Genre | : Business & Economics |
ISBN | : 9401578494 |
Author | : János Kornai |
Publisher | : Oxford University Press, USA |
Total Pages | : 206 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 0199334765 |
In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.
Author | : Eirik Grundtvig Furubotn |
Publisher | : Cambridge, Mass. : Ballinger Publishing Company |
Total Pages | : 408 |
Release | : 1974 |
Genre | : Business & Economics |
ISBN | : |
Author | : Hans-Hermann Hoppe |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 446 |
Release | : 2006 |
Genre | : |
ISBN | : 1610164687 |
Author | : |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 291 |
Release | : 1989 |
Genre | : |
ISBN | : 1610163214 |
Author | : John E. Roemer |
Publisher | : Harvard University Press |
Total Pages | : 196 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : 9780674339460 |
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.