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Bridging Austrian and Market Socialist Economics

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  • Guinevere Nell

Abstract

This historian believes that a social alternative can be found to both extreme Austrian-style economic proposals of laissez-faire and market socialist programs. Her conclusion is the necessity of meeting basic needs of citizens, from food to rent to health care and education. Few market socialist sympathizers will find her argument convincing. But it is a provocative attempt to combine the economics of the extreme laissez-faire and welfare economy philosophies.

Suggested Citation

  • Guinevere Nell, 2011. "Bridging Austrian and Market Socialist Economics," Challenge, Taylor & Francis Journals, vol. 54(4), pages 50-64.
    • Handle: RePEc:mes:challe:v:54:y:2011:i:4:p:50-64
    DOI: 10.2753/0577-5132540403
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    References listed on IDEAS

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    1. Michael Ellman, 2009. "What Did the Study of the Soviet Economy Contribute to Mainstream Economics?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 51(1), pages 1-19, March.
    2. John E. Roemer, 1994. "A Future for Socialism," Politics & Society, , vol. 22(4), pages 451-478, December.
    3. Siebert, Horst, 1997. "Labor market rigidities and unemployment in Europe," Kiel Working Papers 787, Kiel Institute for the World Economy (IfW Kiel).
    4. Horst Siebert, 1997. "Labor Market Rigidities: At the Root of Unemployment in Europe," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 37-54, Summer.
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