The economics of socialism

.

Chapter 5 in The Alternative Austrian Economics, 2019, pp 59-78 from Edward Elgar Publishing

Abstract: In chapter 5, on the economics of socialism, several distinctive Austrian visions of a post-capitalist future are compared. I contrast the alternative approaches to the economics of socialism taken in the first three decades of the twentieth century by Otto Neurath, who advocated a moneyless planned economy; Otto Bauer, who was strongly influenced by the ideas of the Guild Socialists in Britain; Karl Polanyi, who spent the 1920s in Vienna and was an early proponent of market socialism; and Otto Leichter, who argued that the labour theory of value could be used by future socialist planners. The chapter ends with two very different proposals, by Rudolf Goldscheid, who advocated a ‘state capitalist’ system, and by Walter Schiff, who mounted a vigorous (though not uncritical) defence of the central planning system that had recently been introduced in Stalin’s Russia.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781788971508/chapter05.xhtml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:18455_5

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().