IV. Further Considerations on the Possibility of Adequate Calculation in a Socialist Community
By GEORG HALM
(Translated from the German by H. E. BATSON)
CHAPTER I : THE PROBLEM
1. PROBLEMS OF ORGANIZATION IN THE SOCIAL ECONOMY.
2. THE COMMUNISTIC ECONOMY.
3. THE SOCIALISTIC ECONOMY.
CHAPTER II : THE CAPITALISTIC ECONOMY
4. THE ROLE OF THE PRICING PROCESS.
V. The Present State of the Debate
By F. A. HAYFK
1. THE EFFECTS OF CRITICISM.
2. THE LESSONS OF THE RUSSIAN EXPERIMENT.
3. THE MATHEMATICAL SOLUTION.
4. ABROGATION OF THE SOVEREIGNTY OF THE CONSUMER.
5. PSEUDO-COMPETITION.
6. A WORLD OF COMPETING MONOPOLIES.
7.THE “ECONOMIES” OF RATIONALIZATION.
8. THE CRITERION OF MARGINAL COSTS.
9. THE POSSIBILITY OF REAL COMPETITION UNDER SOCIALISM.
Appendices
By E. BARONE
B. Bibliography
L. v. MISES: Die Wirtschaftsrechnung im sozialistischen Gemeinwesen, Archiv für Sozialwissenschaft, Vol. 47, 1920.
A. W. COHN: Kann das Geld abgeschafft werden? Jena, 1920.
Max WEBER: Wirtschaft und Gesellschaft (Grundriss der Sozialökonomik, Part III), Part T, Ch. II, 9-14, Tübingen, 1921.
L. v. MISES: Die Gemeinwirtschaft. Jena, 1922, 2nd ed., 1932.
E. HEIMANN: Mehrwert und Gemeinwirtschaft. Berlin, 1922.
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The Critics of Keynesian Economics
Title Page
KEYNESIAN
ECONOMICS
Edited with an
Introduction and new Preface
by
HENRY HAZLITT
The Foundation for Economic Education, Inc.
Irvington-on-Hudson, New York 10533
About the Editor and Publisher
About the Editor and Publisher
Henry Hazlitt (1894–1993) began his distinguished career in 1913 at The Wall Street Journal. He went on to write for several newspapers, including The New York Evening Post, The New York Evening Mail, The New York Herald, and The Sun. In the early 1930s he was literary editor of The Nation, and succeeded H. L. Mencken as editor of the American Mercury in 1933. From 1934 to 1946 he served on the editorial staff of The New York Times.
Copyright Page
©1995 The Foundation for Economic Education, Inc.
Originally published 1960 by D. Van Nostrand Company, Inc.
ISBN 1–57246-013-X
(Previously ISBN 0–87000-401)
For further information, contact
The Foundation for Economic Education
30 South Broadway
Irvington-on-Hudson, New York 10533
Telephone (914) 591–7230
Fax (914) 591–8910
PRINTED IN THE UNITED STATES OF AMERICA
Foreword
Foreword
Nearly twenty years ago, in his 1977 Preface to the Second Edition, Henry Hazlitt joyfully reported that prevailing academic opinion had changed and that Keynesian doctrines no longer went unchallenged. But he also observed that “the vast majority of politicians and governments today are persistently applying the Keynesian remedies, even though they do not know that they are Keynesians.”
