Advanced Search
MyIDEAS: Login

Scratch a Would-Be Planner: Robbins, Neoclassical Economics and the End of Socialism

Contents:

Author Info

  • Brigitte Granville
  • Judith Shapiro

Abstract

Robbins’s central contribution to the debate on market versus plan links with identification of economics as science of how societies handle scarcity, a central contribution of the Essay. This was not a narrow focus on static efficiency; inflation was a key part of Robbins’s conception of (mis)handling scarcity. The irony that transition to the market led to movement away from the market in economics is analysed, highlighting the obscured role of macroeconomics, and questioning a new conventional wisdom that Russia should have followed the Chinese path of gradual and Pareto-improving institutional development. A conclusion is that the demise of the Washington Consensus should not lead to a new dogma: the neoclassical paradigm is not being replaced but extended.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://webspace.qmul.ac.uk/rmiller/RePEc/cgs/wpaper/CGR_Working_Paper_11.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research in its series Working Papers with number 11.

as in new window
Length:
Date of creation: May 2008
Date of revision:
Handle: RePEc:cgs:wpaper:11

Contact details of provider:
Postal: Mile End Road, London E1 4NS
Phone: +44-(0)20-7882-3167
Fax: 44-(0)20-7882-3615
Email:
Web page: http://hosted.busman.qmul.ac.uk/cgr/index.html
More information through EDIRC

Related research

Keywords: Transition; Lionel Robbins; socialist calculation debate; Russia; inflation;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Coase, R H, 1992. "The Institutional Structure of Production," American Economic Review, American Economic Association, vol. 82(4), pages 713-19, September.
  2. repec:aea:jeclit:v:43:y:2005:i:3:p:721-761 is not listed on IDEAS
  3. Nauro F. Campos & Abrizio Coricelli, 2002. "Growth in Transition: What We Know, What We Don't, and What We Should," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 793-836, September.
  4. Pauline Grosjean & Claudia Senik, 2007. "Should market liberalization precede democracy? Causal relations between political preferences and development," PSE Working Papers halshs-00588060, HAL.
  5. Peter Murrell, 2003. "Institutions and Firms in Transition Economies," Electronic Working Papers 03-004, University of Maryland, Department of Economics.
  6. Peter Murrell, 1991. "Can Neoclassical Economics Underpin the Reform of Centrally Planned Economies?," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 59-76, Fall.
  7. Peter Oppenheimer & Brigitte Granville, 2001. "Russia’s Post-Communist Economy," World Economics, World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB, vol. 2(1), pages 149-168, January.
  8. Rudiger Ahrend, 2004. "Accounting for Russia's Post-Crisis Growth," OECD Economics Department Working Papers 404, OECD Publishing.
  9. Rostowski, Jacek, 1998. "Macroeconomic Instability in Post-Communist Countries," OUP Catalogue, Oxford University Press, number 9780198290483, September.
  10. North, Douglass C., 1993. "Economic Performance through Time," Nobel Prize in Economics documents 1993-2, Nobel Prize Committee.
  11. Rudiger Ahrend & William Tompson, 2005. "Fifteen Years of Economic Reform in Russia: What has been Achieved? What Remains to be Done?," OECD Economics Department Working Papers 430, OECD Publishing.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cgs:wpaper:11

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roland Miller).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.