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The Firm in Illyria: Market Syndicalism

  • Benjamin Ward

Abstract

The discussion of the feasibility of socialism has long been closed with apparently quite general agreement that an economy will not inevitably collapse as a result of nationalization of the means of production. On the theoretical side the clinching argument was probably made by Barone shortly after the controversy began [2]. Probably the best-known of the arguments on the other side of the question, that of Mises [15], was published twelve years after Barone’s paper and gave rise to a new set of arguments, among them those of Taylor, Lange and Lerner [11] [12]. Lange in fact explicitly (though perhaps with a touch of irony) developed market socialism as a counterexample for Mises’ assertions.

Keywords

Marginal Product Excess Demand Supply Curve Employment Level Management Board 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Benjamin Ward and The American Economic Review 1977

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  • Benjamin Ward

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