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Markets, Planning and Democracy - Essays after the Collapse of Communism (Hardcover)
Loot Price: R3,407
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Markets, Planning and Democracy - Essays after the Collapse of Communism (Hardcover)
Series: New Thinking in Political Economy series
Expected to ship within 10 - 15 working days
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The essays contained herein span over a decade and reflect David
Prychitko's thinking about the role of the market system, and its
relation to planning and democratic processes. The collection
consists of previously published and unpublished articles written
not only for economists but also for an interdisciplinary audience.
Prychitko extends the Austrian School's criticism of central
planning to include the decentralized, self-managed and democratic
models of socialism - those that were supposed to distinguish
Yugoslav-style socialism from Soviet socialism. He critically
evaluates the socialist and market-socialist proposals of
contemporary advocates including Michael Albert and Robin Hahnel,
Ted Burczak, Branko Horvat, and Joseph Stiglitz. A younger Austrian
economist, Prychitko has also emerged as an internal critic within
that tradition. He questions the Austrian School's claims that the
unhampered market maximizes social welfare, that any actions of the
state necessarily reduce welfare, and that anarcho-capitalism is
viable and desirable. At the same time, he carefully discusses the
viability of worker-managed enterprise from a market-process
perspective, and offers a qualified defense. Scholars, particularly
those with an interest in Austrian economic thought, comparative
political economy and free market libertarianism will find this
collection a valuable resource.
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