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Table Of Contents

The Historic Failure of Socialism
The Subjective Perspective in the Economic Analysis of Socialism
Our Definition of Socialism
Entrepreneurship and Socialism
Socialism as an Intellectual Error
Ludwig von Mises and the Start of the Socialism Debate
The Unjustified Shift in the Debate toward Statics
Oskar Lange and the “Competitive Solution”
“Market Socialism” as the Impossible Squaring of the Circle
3. OTHER POSSIBLE LINES OF RESEARCH
1. The Analysis of So-called “Self-Management Socialism”
2. “Indicative Planning”
3. The Healthy Acknowledgement of “Scientific Accountability”
6. The Formulation of a Theory on the Ethical Inadmissibility of Socialism
4. CONCLUSION
1. THE DEFINITION OF ENTREPRENEURSHIP
Cost as a Subjective Concept. Entrepreneurial Profit
Rationality and Irrationality. Entrepreneurial Error and Loss
Marginal Utility and Time Preference
2. CHARACTERISTICS OF ENTREPRENEURSHIP
Entrepreneurship and Alertness
Exclusive and Dispersed Knowledge
Tacit Knowledge Which Cannot Be Articulated
Arbitration and Speculation
The Ubiquity of Entrepreneurship
The Essential Principle
Competition and Entrepreneurship
The Division of Knowledge and the “Extensive” Order of Social Cooperation
Creativity versus Maximization
Conclusion: Our Concept of Society
3. ENTREPRENEURSHIP AND THE CONCEPT OF SOCIALISM
1. THE DEFINITION OF SOCIALISM
2. SOCIALISM AS AN INTELLECTUAL ERROR
The “Static” Argument
The “Dynamic” Argument
6. OTHER THEORETICAL CONSEQUENCES OF SOCIALISM
Discoordination and Social Disorder
Erroneous Information and Irresponsible Behaviors
The Corruption Effect
The Underground or “Irregular” Economy
Socialism as the “Opium of the People”
Conclusion: The Essentially Antisocial Nature of Socialism
7. DIFFERENT TYPES OF SOCIALISM
Democratic Socialism, or Social Democracy
Conservative or “Right-Wing” Socialism
Social Engineering, or Scientistic Socialism49
8. CRITICISM OF THE ALTERNATIVE CONCEPTS OF SOCIALISM
Socialism and Interventionism
The Inanity of the “Idyllic” Concepts of Socialism
Could the Term “Socialism” Someday be Restored?
1. BACKGROUND
2. THE ESSENTIAL CONTRIBUTION OF LUDWIG VON MISES
The Nature and Basic Content of Mises’s Contribution
3. THE FUNCTIONING OF SOCIALISM, ACCORDING TO MARX
4. ADDITIONAL CONSIDERATIONS ON MISES’S CONTRIBUTION
Mises’s Refutation of Marx’s Analysis
The Monetary Calculation of Profits and Losses
The Practical Sufficiency of Economic Calculation
Calculation as a Fundamentally Economic (and not Technical) Problem
Business Consolidation and Economic Calculation
Economic Calculation in Kind
Economic Calculation in Labor Hours
Economic Calculation in Units of Utility
1. THE ARGUMENTS OF FORMAL SIMILARITY
Enrico Barone’s Contribution as a Formal Similarity Argument
Other Formal Similarity Theorists: Cassel and Lindahl
2. ANALYSIS OF THE “MATHEMATICAL” SOLUTION
The Mathematical Solution in the German Literature
4. THE “TRIAL AND ERROR” METHOD
Criticism of the Trial and Error Method
THE THEORETICAL IMPOSSIBILITY OF PLANOMETRICS39
1. INTRODUCTORY CONSIDERATIONS
2. HISTORICAL PRECEDENTS FOR THE “COMPETITIVE SOLUTION”
The Contributions of Eduard Heimann and Karl Polanyi
The Lange-Breit Model
Market Prices versus “Parametric Prices”
Lange’s First Paragraph
Lange’s Second Paragraph
Lange’s Third Paragraph
Lange’s Fourth Paragraph
5. CRITICAL ANALYSIS OF LANGE’S CLASSIC MODEL
A Preliminary Clarification of Terminology
A Description of the Model
Two Interpretations of Lange’s Model
Critical Analysis of the Broadest Interpretation of Lange’s Model
1. The Impossibility of Assembling the List of Capital Goods
3. The Lack of a True Market for Labor and Consumer Goods and Services
4. The Inanity of the “Rules” Proposed by Lange
5. The Theoretical Impossibility of the “Trial-and-Error Method”
6. The Arbitrary Fixing of the Interest Rate
7. Ignorance of the Typical Behavior of Bureaucratic Agencies
Other Comments on Lange’s Classic Model
6. THE THIRD AND FOURTH STAGES IN LANGE’S SCIENTIFIC LIFE
The Third Stage: The 1940s
Langian Epilogue
1. OTHER “MARKET SOCIALISM” THEORISTS
Evan Frank Mottram Durbin
Henry Douglas Dickinson’s Book, The Economics of Socialism
The Contribution of Abba Ptachya Lerner to the Debate
4. IN WHAT SENSE IS SOCIALISM IMPOSSIBLE?
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Socialism, Economic Calculation & Entrepeneurship

Socialism, Economic Calculation & Entrepeneurship

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Published by Nicholas Panayi

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Published by: Nicholas Panayi on May 04, 2011
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10/20/2012

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