Dynamic Efficiency in the Process of Desocialization

Josef Šíma ()
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Josef Šíma: Metropolitan University Prague

A chapter in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, 2023, pp 319-326 from Springer

Abstract: Abstract The chapter explains the problems of using a narrowly defined concept of efficiency in a hampered market economy. It shows that the concept of dynamic efficiency, as elaborated by Jesús Huerta de Soto in his work, is indispensable in the implementation of any economic reform. It also provides much better guidance on how to properly conduct pro-market reforms in an attempt to desocialize the formerly centrally planned economies of Central and Eastern Europe. Its anchoring in the nexus of private property also makes it possible to link considerations of economic efficiency with considerations of equality. Thus, the concept of dynamic efficiency makes it possible to show that there is no contradiction between the efforts to seek to simultaneously increase efficiency and enhance equality through economic reforms.

Keywords: Efficiency; Coordination; Desocialization; Market morality; State interventionism; Private property (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-17414-8_25

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DOI: 10.1007/978-3-031-17414-8_25

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