Socialism, Economic Calculation and EntrepreneurshipA leading scholar in the tradition of the Austrian School of Economics, professor Jess Huerta de Soto presents a powerful analysis of socialism in a book dedicated to Ludwig von Mises, who underlined the theoretical failures of socialism and opened the fa |
Contents
| 1 | |
2 Entrepreneurship | 15 |
3 Socialism | 49 |
4 Ludwig von Mises and the start of the debate on economic calculation | 99 |
the arguments of formal similarity and the socalled mathematical solution | 134 |
6 Oskar Lange and the competitive solution | 173 |
7 Final considerations | 233 |
| 274 | |
| 301 | |
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Common terms and phrases
actor aggression analysis argument Austrian school behavior capital capitalist system central planning agency Chapter coercive competitive concept coordination costs created creative critical debate Dickinson discoordination discover dispersed dispersed knowledge Durbin economic agents economic calculation debate economic calculation problem economists ends entrepreneurial equilibrium error method essential exercise entrepreneurship exercise of entrepreneurship exist fact factors of production formal free exercise function fundamental governing body Hence Huerta de Soto human action idea incentives information necessary institutional coercion Kirzner knowledge Lange’s model Lerner Ludwig von Mises maladjustment managers market economy market prices market processes market socialism mathematical means of production Mises and Hayek Mises’s neoclassical nomic objective ofthe Oskar Lange paradigm parametric prices perfect competition planometric possible practical information profit proposal Real Academia Española scientific sense social process socialist economic calculation socialist system socialist theorists society solution solve static subjective systematic tion transmitted trial and error