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From Marx to Mises : Post Capitalist Society and the Challenge of Ecomic Calculation.

Author: David Ramsay Steele
Publisher: New York : Open Court, 2013.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
In 1920, Ludwig von Mises proclaimed that all attempts to establish socialism would come to grief, for reasons of informational efficiency. At first, socialists and economists took Mises's argument seriously, but by the end of the Second World War, a consensus prevailed that Mises had been discredited. More recently, that consensus has been rapidly reversed: it is now widely agreed that 'Mises was right'. Yet the  Read more...
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Genre/Form: Electronic books
History
Additional Physical Format: Print version:
Steele, David Ramsay.
From Marx to Mises : Post Capitalist Society and the Challenge of Ecomic Calculation.
New York : Open Court, ©2013
Named Person: Ludwig Von Mises; Karl Marx; Karl Marx; Ludwig Von Mises
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David Ramsay Steele
ISBN: 9780812698626 0812698622
OCLC Number: 865331361
Notes: 3. The Method of Physical Surpluses and Deficits.
Description: 1 online resource (761 pages)
Contents: Cover; Title Page; Copyright; Dedication; Brief Table of Contents; Detailed Table of Contents; Preface; 1. A Quick Look at the Mises Argument; i. A Debate About the Feasibility of Socialism; ii. What the Mises Argument Claims to Show; iii. A Simplified Illustration; iv. A More Realistic Elaboration; v. Production Choices are Everywhere; vi. How to Refute Mises; 2. The Abolition of the Market; i. Commodity Production and Production for Use; ii. Marx and Labor-Vouchers; a. The Function of Labor-Vouchers in Marxian Communism; b. Are Marx's Labor-Vouchers Money? C. The Metamorphosis of Labor-Vouchers into Moneyiii. Post-Capitalist Society; a. Moore's Argument against Marxian Communism; b. Commodity-Fetishism; c. Usages of 'Socialism' and 'Communism'; 3. The Economic Organization of Post-Capitalist Society; i. Marx on Communism; ii. The Substitution of Machinery for Labor; iii. The Marxist Background to Mises; a. Social Democrats on Economic Calculation; b. Bolsheviks on Economic Calculation; c. The War Communism Controversy; 4. The Discovery of the Economic Calculation Problem; i. Early Glimpses of the Problem; ii. Wieser: The Two Services of Value. Iii. Pierson: Value as an Inescapable Phenomenoniv. Barone: Production is Experimental; v. Max Weber: Rational Calculation; vi. Brutzkus: The Failure of Bolshevism; vii. Mises: The Market's Intellectual Division of Labor; 5. Re-Reading Mises on Economic Calculation; i. Misesian Apriorism; ii. The Misesian Typology of Economic Systems; a. Mises's Analysis of Interventionism; b. Mises's Conception of "Socialism"; c. Mises's Modification of his Argument; iii. Misreadings of Mises on Economic Calculation; a. Is NFM Socialism Impossible in Theory or merely Impossible in Practice? B. Economic Theory and Institutionsc. Barone and Mises; d. Explicability Doesn't Imply Reproducibility; e. Landauer and Mises on Utility; f. The Administration's Valuation and Choice of Consumer Goods; g. Mises and his Defenders; 6. Using Labor-Hours to Plan Production; i. Calculation in Kind; ii. The Labor Theory of Value and the Labor-Time Planning Proposal; iii. Measurable Labor-Time and Appropriate Prices; a. Fluctuations in Supply and Demand; b. Different Kinds of Labor; c. The Cost of Unproduced Resources; d. Differences in Organic Composition of Capital. E. How Marginal Productivity Eliminates Surplus-Valueiv. Social Necessity: Bygones are Bygones; v. Marx on the Direct Measurement of Socially-Necessary Labor-Time; 7. From Market Simulation Back to Market Socialism; i. Market and Non-Market Socialism; ii. Lange's System; a. An Outline of Lange's System; b. The Puzzling Reputation of Lange's System; c. The Market and Lange's System; d. Lange: Last-Ditch Defender of Non-Market Socialism; e. The Feasibility of Lange's System; 1. Limitations of the Perfect Competition Analogy; 2. The Allocation of Capital to Enterprises.

Abstract:

In 1920, Ludwig von Mises proclaimed that all attempts to establish socialism would come to grief, for reasons of informational efficiency. At first, socialists and economists took Mises's argument seriously, but by the end of the Second World War, a consensus prevailed that Mises had been discredited. More recently, that consensus has been rapidly reversed: it is now widely agreed that 'Mises was right'. Yet the momentous implications of the Mises argument - for economics, politics, culture, and philosophy - remain largely unexplored. From Marx to Mises is a clear, penetrating exposition.

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