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The Resource Capitalism, socialism and property rights : why market socialism cannot substitute the market, Mateusz Machaj ; translated by Kacper Potocki

Capitalism, socialism and property rights : why market socialism cannot substitute the market, Mateusz Machaj ; translated by Kacper Potocki

Label
Capitalism, socialism and property rights : why market socialism cannot substitute the market
Title
Capitalism, socialism and property rights
Title remainder
why market socialism cannot substitute the market
Statement of responsibility
Mateusz Machaj ; translated by Kacper Potocki
Creator
Contributor
Author
Translator
Subject
Language
  • eng
  • pol
  • eng
Summary
The comparative analysis of socialist and capitalist economic systems has given rise to a voluminous literature in the history of economic thought, yet detailed analysis of the "market socialism" model, which seeks to imitate the functional efficiency of capitalism by simulating a competitive economy, has been relatively neglected. In this work, Mateusz Machaj seeks to redress this imbalance by providing an in-depth examination of one of the defining issues that separates capitalism from socialism--the system of ownership, or property rights--which, when explored, highlight fundamental problems in the market socialism model. Taking a broadly Austrian perspective, he shows that the mechanism of efficiency in market socialism is unable to play the part ascribed to it by its theoreticians, because it disregards the fact that property rights are fundamental to the shaping of prices and thus the abolition of ownership in market socialism makes its mechanism of efficiency a fiction. Indeed, Machaj argues, the economic terms used in the model of market capitalism only mirror the names of the real economic variables that cause capitalism to be efficient, not their functions. The book offers new and original insights into the theory of competition, theories of pricing, property laws, and the relation between law and economics, as well as the economics of the market-socialism model. It will be of interest to a wide range of heterodox economists.--
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Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Machaj, Mateusz
Index
index present
Language note
Translated from the Polish
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Potocki, Kacper
Series statement
Austrian economics
http://library.link/vocab/subjectName
  • Right of property
  • Property
  • Capitalism
  • Socialism
  • Capitalism
  • Property
  • Right of property
  • Socialism
Label
Capitalism, socialism and property rights : why market socialism cannot substitute the market, Mateusz Machaj ; translated by Kacper Potocki
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 207-222) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
24 cm
Extent
ix, 226 pages
Isbn
9781788210355
Lccn
2017473660
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other control number
60002248423
System control number
(OCoLC)1012533804
Label
Capitalism, socialism and property rights : why market socialism cannot substitute the market, Mateusz Machaj ; translated by Kacper Potocki
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 207-222) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
24 cm
Extent
ix, 226 pages
Isbn
9781788210355
Lccn
2017473660
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other control number
60002248423
System control number
(OCoLC)1012533804

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      39.954941 -75.193362
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