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Socialism, economic calculation and entrepreneurship

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HAS PICTURES 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. With innovative and timely discussions, this book will appeal to students and academics in the fields of economic systems, the economic analysis of socialism and the history of economic thought. This important resource will also be greatly received by all scholars and students interested in Austrian economics.

Author(s): Jesus Huerta de Soto
Series: New Thinking in Political Economy
Publisher: Edward Elgar
Year: 2010

Language: English
Pages: 320
City: Cheltenham, Glos, UK ; Northampton, MA

Introduction --
Entrepreneurship --
Socialism --
Ludwig von Mises and the start of the debate on economic calculation --
The unjustified shift in the debate toward statics : the arguments of formal similarity and the so-called "mathematical solution" --
Oskar Lange and the "competitive solution" --
Final considerations.