Socialism, Economic Calculation And Entrepreneurship
Jesús Huerta de Soto, Professor of Political Economy, Universidad Rey Juan Carlos, SpainIn Association with the Institute of Economic Affairs
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Series: New Thinking in Political Economy series
This highly topical book presents a new theory on the characteristics of entrepreneurial knowledge. It explores the recent shift among professional economists and scholars in their evaluation of the debate of socialism. Socialism, Economic Calculation and Entrepreneurship presents an application of Israel M. Kirzner’s theory of entrepreneurship to the theory of the impossibility of socialism. It discusses the influence of the fall of socialism, with particular reference to the evolution of economic thought.
Contents: Foreword by Peter J. Boettke 1. Introduction 2. Entrepreneurship 3. Socialism 4. Ludwig von Mises and the Start of the Debate on Economic Calculation 5. The Unjustified Shift in the Debate Toward Statics: The Arguments of Formal Similarity and the So-called ‘Mathematical Solution’ 6. Oskar Lange and the ‘Competitive Solution’ 7. Final Considerations Bibliography Index