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| Author: | Hodgson, J. |
| Title: | Socialism against markets? A critique of two recent proposals |
| Journal: | Economy and Society
1998 : NOV, VOL. 27:4, p. 407-433 |
| Index terms: | SOCIALISM MARKETS ECONOMICS |
| Language: | eng |
| Abstract: | The debate over the feasibility of socialism has lasted for much of the twentieth century. This essay evaluates two important recent proposals for systems of socialist planning in which markets are given merely a marginal role. Beforehand, some of the key theoretical issues are placed in the context of the "socialist calculation debate" that lasted from the 1920s to the 1940s. It is argued that the Austrian critics of centralist socialism rightly focused on questions of information and knowledge. |
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