A socialist price system: answering the Austrians

David McMullen

No e6g3h, SocArXiv from Center for Open Science

Abstract: According to the Austrian economists, even with everyone’s best efforts, a system based on social ownership of the means of production could not effectively deploy a decentralized price system. An examination of the key writings on the question by Mises, Hayek and Lavoie reveals that this view rests on very shaky ground.

Date: 2021-01-13
New Economics Papers: this item is included in nep-hme and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:e6g3h

DOI: 10.31219/osf.io/e6g3h

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