
Distinguished economists Brus and Laski--who were involved with the Planning Office of the Polish economy in the 1950s and 1960s--here develop a theoretical system of economic management which avoids the failings of both market capitalism and central planning. This book examines Marxists claim to socialism's economic rationality and studies the application of the concept in the "real socialism" of Communist party orthodoxy as well as in the tentative attempts at "market socialism", particularly in Hungary and Yugoslavia. The analysis focuses on general features of the evolution of the socialist economic system, but national experiences are used to point out the advances that have been made and the flaws in the theoretical models that have been developed.
This work investigates whether a viable economic system can be constructed that reconciles socialist principles with the efficiency of market mechanisms. The authors, Kazimierz Łaski and Wlodzimierz Brus, draw upon their extensive professional experience within the Polish Planning Office during the mid-20th century to critique the failures of both rigid central planning and unregulated market capitalism. They present a theoretical framework that evaluates the historical application of socialist economic models, specifically focusing on the discrepancies between Marxist theory and the practical implementation of 'real socialism' in Eastern Europe.
What You Will Find
Experts recognize this text as a significant contribution to the study of comparative economic systems, particularly for its insider perspective on the limitations of command economies. Readers frequently note the academic density of the prose, which requires a foundational understanding of economic theory to fully grasp the authors' arguments.
Page Count:
192
Publication Date:
1990-01-18
Publisher:
Oxford University Press
ISBN-10:
0198233027
ISBN-13:
9780198233022
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