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A Challenge to Marxian economics

Author

Listed:
  • Oldrich Kyn

    (Boston University)

Abstract

An article published in Czechoslovakia just before the Soviet invasion of 1968, which stopped the progress of the economic reform aiming to transform the centrally planned command economy into a kind of market socialism. The article was acknowledging that the Marxian economics have no satisfactory answer to von Mises' claim, that the socialist economy cannot work, if it removes the possibility of 'economic calculation' that requires the operation of the free market system.

Suggested Citation

  • Oldrich Kyn, 2005. "A Challenge to Marxian economics," Development and Comp Systems 0509028, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0509028
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    More about this item

    Keywords

    Central planning; Command economy; Market socialism; Economic Calculation; von Mises; Czechoslovakia; Marxism;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

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