Calculation and Coordination: Essays on Socialism and Transitional Political Economy

by Boettke; Peter J.

• ISBN13: 9780415238137
• ISBN10: 0415238137
• Edition: 1st
• Format: Hardcover
• Copyright: 2001-01-22
• Publisher: Routledge

Summary

This collection of essays from one of the major Austrian economists working in the world today brings together in one place some of his key writings on a variety of economic issues.

Table of Contents

List of illustrations	xi
Copyright acknowledgments	xiii
Acknowledgments	xv
Introduction	1	(6)
Why are there no Austrian Socialists? Ideology, science, and the Austrian school	7	(22)
Economic calculation: the Austrian contribution to political economy	29	(18)
Hayek's The Road to Serfdom revisited: government failure in the argument against Socialism	47	(19)
Coase, Communism, and the ``Black Box'' of Soviet-type economies	66	(11)
The Soviet experiment with pure Communism	77	(28)
The political economy of utopia: Communism in Soviet Russia, 1918-21	105	(35)
Soviet venality: a rent-seeking model of the Communist state	140	(14)
Credibility, commitment, and Soviet economic reform	154	(22)
Perestroika and public choice: the economics of autocratic succession in a rent-seeking society	176	(15)
The reform trap in economics and politics in the former Communist economies	191	(22)
Promises made and promises broken in the Russian transition	213	(11)
The Russian crisis: perils and prospects for post-Soviet transition	224	(10)
The political infrastructure of economic development	234	(14)
Why culture matters: economics, politics, and the imprint of history	248	(18)
Concluding remarks	266	(3)
Appendix 1: Economic freedom and wealth	269	(7)
Appendix 2: Economic wealth and welfare	276	(9)
Notes	285	(53)
Index	338