Do you read the Review of Austrian Economics?

[Onion Eater]

No?

Then why not start today, with their current issue?

Socialist objectives can be achieved in a market context with the rule of law if market socialism were to take the form of competitive worker-owned and self-managed enterprises, supplemented by universally available welfare redistributions, which could include a basic income, universal capital grants, or education and health insurance vouchers.

Does the communist revolution being promoted by Peter Boettke, the RAE editor, sound exciting?

Then don’t miss the conference being organized by Steve Horwitz on November 13th at George Mason University.

Burczak’s book, Socialism after Hayek, represents the first serious scholarly attempt to defend socialism using Hayekian principles. By pairing Burczak’s book with selections from Hayek’s own corpus, this program will offer participants the opportunity to assess the accuracy and effectiveness of this criticism of Hayekian liberalism.

 

[Kushinator]

No?

Then why not start today, with their current issue?



Does the communist revolution being promoted by Peter Boettke, the RAE editor, sound exciting?

Then don’t miss the conference being organized by Steve Horwitz on November 13th at George Mason University.

Does such an economic system allow for transitive inference? (can people be conned into doing things on the basis for "greater good" individual benefits are greatly reduced?

 

[Onion Eater]

Does such an economic system allow for transitive inference? (can people be conned into doing things on the basis for "greater good" individual benefits are greatly reduced?

From each according to his ability, to each according to his need is a fundamental tenet of Marxism and this proposed variant of Marxism is no exception.

From each according to his ability, to each according to his need (or needs) is a slogan popularized by Karl Marx in his 1875 Critique of the Gotha Program. The phrase summarizes the principles that, under a communist system, every person should contribute to society to the best of his ability and consume from society in proportion to his needs, regardless of how much he has contributed.

Burczak is a dyed-in-the-wool Marxist, in spite of his online supporter's attempts to dodge this label. If you read my review of Burczak, you will see that Burczak's theory is based almost entirely on David Ellerman's 1992 book, Property and Contract in Economics. Just a quick glance through the table of contents makes it clear that Ellerman is unabashed about his communist leaning. He despises Hayek.

Hayek died (of old age) in 1992 and the resulting focus on his work pushed Ellerman into obscurity (where he rightly belongs, IMHO). For the next fifteen years, Ellerman was known only to the most strident of Marxists. Then, Burczak got the bright idea of popularizing his theory by writing a new book that is basically the same thing, but with Hayek's picture on the front cover.

For reasons that are not entirely clear to me, but probably involve bribery, the Institute for Humane Studies is heavily promoting this variant of communism, in spite of their obstensibly being a libertarian think tank.

Burczak is the winner of the 2007 Smith Center Annual Prize in Austrian Economics and was given $1000. The Smith Center is associated with the Society for the Development of Austrian Economics and collected that money $10 at a time from people just like you, who thought you were donating to a libertarian organization.

The awards are made at the annual dinner of the Society for the Development of Austrian Economics (SDAE) which is always held during the annual meeting of the Southern Economic Association.