Advertisement

The Review of Austrian Economics

, Volume 29, Issue 1, pp 99–102 | Cite as

Giacomo Corneo, Bessere Welt. Berlin, Germany: Goldegg Verlag, 2014. 368 Pages. 24,90 € (hardcover)

  • Petrik Runst
Article
  • 136 Downloads

In Better World, the author presents a broad overview of real and purely conceptual alternatives to the contemporary varieties of capitalism. They range from the platonic Guardian state to Morus’ Utopia and Kropotkin’s Anarchy. The second half of the book is dedicated to various forms of economic planning. It culminates in a stand-off between a model based on John Roemer’s fifth generation market socialism (coupon stock market) (Roemer and Bardhan 1994; also see Stauber 1977) and the Swedish welfare state.1 While the scope of the book is impressive and this reviewer considers the endeavor of conversing with intelligent lay-people of a left-leaning persuasion a worthy one, the author offers both too much and too little.

The first 150 pages are a somewhat tedious read and can be skipped safely (too much). The descriptions of the state philosophers or freely accessible public warehouses are designed to prepare an audience with little background in economics for the discussion of more...

References

  1. Alchian, A. (1973). The property rights paradigm. Journal of Economic History, 33(1), 16–27.CrossRefGoogle Scholar
  2. Bartels, L. M. (2010). Unequal democracy: The political economy of the New guilded Age. Princeton: Princeton University Press.Google Scholar
  3. Boettke, P. J. (1993). Why perestroika failed: The politics and economics of socialist transformation. New York: Routledge.CrossRefGoogle Scholar
  4. Caplan, B. (2001). Rational irrationality and the microfoundations of political failure. Public Choice, 107(3), 311–331.CrossRefGoogle Scholar
  5. Hayek, F. A. (1944). The road to serfdom. London: George Routledge & Sons.Google Scholar
  6. Levy, D. M., & Peart, S. J. (2011). Soviet growth and American textbooks: An endogenous past. Journal of Economic Behavior & Organization, 78(1–2), 110–125.CrossRefGoogle Scholar
  7. OECD (2013), Income inequality, in OECD Factbook 2013: Economic, environmental and social statistics, OECD PublishingGoogle Scholar
  8. Roemer, J. E. (2014). Thoughts on arrangements of property rights in productive assets. Analyse & Kritik, 35(1), 55–63.Google Scholar
  9. Roemer, J. E., & Bardhan, P. (1994). On the workability of market socialism. The Journal of Economic Perspectives, 8(2), 177–181.CrossRefGoogle Scholar
  10. Stauber, L. G. (1977). A proposal for a democratic market economy. Journal of Comparative Economics, 1, 235–258.CrossRefGoogle Scholar
  11. Wagner, Richard E. (2007) Fiscal Sociology and the Theory of Public Finance: An Exploratory Essay, Edward ElgarGoogle Scholar

Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Institute for Small Business Economics (ifh)University of GöttingenGöttingenGermany

Personalised recommendations