Calculation and Coordination : Essays on Socialism and Transitional Political Economy

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ISBN: 9780203469682 | 0203469682
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Copyright: 5/3/2002

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This work combines the strengths of the Austrian market process tradition with the political economy of public choice to provide an analytical framework for theoretical and historical examination of socialist practice and post-socialist political economy.

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List of illustrations
Copyright acknowledgments
Acknowledgments
Introduction	p. 1
Why are there no Austrian Socialists? Ideology, science, and the Austrian school	p. 7
Economic calculation: the Austrian contribution to political economy	p. 29
Hayek's The Road to Serfdom revisited: government failure in the argument against Socialism	p. 47
Coase, Communism, and the "Black Box" of Soviet-type economies	p. 66
The Soviet experiment with pure Communism	p. 77
The political economy of utopia: Communism in Soviet Russia, 1918-21	p. 105
Soviet venality: a rent-seeking model of the Communist state	p. 140
Credibility, commitment, and Soviet economic reform	p. 154
Perestroika and public choice; the economics of autocratic succession in a rent-seeking society	p. 176
The reform trap in economics and politics in the former Communist economics	p. 191
Promises made and promises broken in the Russian transition	p. 213
The Russian crisis: perils and prospects for post-Soviet transition	p. 224
The political infrastructure of economic development	p. 234
Why culture matters: economics, politics, and the imprint of history	p. 248
Concluding remarks	p. 266
Economic freedom and wealth	p. 269
Economic wealth and welfare	p. 276
Notes	p. 285
Index	p. 338
Table of Contents provided by Blackwell. All Rights Reserved.

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Calculation and Coordination : Essays on Socialism and Transitional Political Economy

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