Economic Organization, Distribution and the Equality Issue: The Marx-Engels Perspective

Samuel Hollander ()

The Review of Austrian Economics, 2004, vol. 17, issue 1, 5-39

Abstract: This paper has four related themes. It demonstrates that Marx's Communism in its first or Socialist phase would recognize the essential inequality of labour on grounds of efficiency and growth. It offers an explanation for the apparent paradox that Marx and Engels championed a fully-fledged control system notwithstanding appreciation of the allocation functions of a competitive market system. It highlights common ground relating to market process between Marx and Engels and the modern "classical liberals" Mises and Hayek. And it traces the evolutionary nature of the Marx-Engels perspective on transitions between and within economic systems.

Date: 2004
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