The Firm in Illyria: Market Syndicalism

Benjamin Ward

Chapter 1 in The Economics of Co-Determination, 1977, pp 1-25 from Palgrave Macmillan

Abstract: Abstract The discussion of the feasibility of socialism has long been closed with apparently quite general agreement that an economy will not inevitably collapse as a result of nationalization of the means of production. On the theoretical side the clinching argument was probably made by Barone shortly after the controversy began [2]. Probably the best-known of the arguments on the other side of the question, that of Mises [15], was published twelve years after Barone’s paper and gave rise to a new set of arguments, among them those of Taylor, Lange and Lerner [11] [12]. Lange in fact explicitly (though perhaps with a touch of irony) developed market socialism as a counterexample for Mises’ assertions.

Keywords: Marginal Product; Excess Demand; Supply Curve; Employment Level; Management Board (search for similar items in EconPapers)
Date: 1977
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DOI: 10.1007/978-1-349-03117-7_1

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