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This book presents a narrative of one of the more interesting utopian experiments in comparative political and economic history: the first decade of the Soviet experience with socialism (1918-1928). Though historical and textual analysis, the book’s goal is to render this experience intelligible, to get at the meaning of the Soviet experience with socialism for comparative political economy today. The book examines the texts of Lenin, Bukharin, and other revolutionaries, as well as the interpretations of contemporary historians of the revolution and the writings of more recent interpreters of Soviet political and economic history. Arguing that the first three years of the Bolshevik regime (1918-1921) constitute an attempt to carry out the Marxian ideal of comprehensive central planning, and that the disastrous results, which all commentators agree occurred, were the inevitable outcome of this Marxian ideal coming into conflict with the economic reality of the coordination problem that all economic systems face, the book draws clear conclusions and elucidates the air of mystery that often surrounds the subject. Offering a radical challenge to contemporary comparative political economy at the level of high theory, applied research, and public policy, this book is appropriate for students and scholars interested in Marxism, economic history, political economy, and Austrian economics.
An assessment of the first Soviet economic system, comparing programmes with outsomes, and theory with practice.
A highly original and controversial examination of events in Soviet Russia from 1917 to 1927 in which Professor Day challenges both the standard Trotskyite and Stalinist interpretations of the period. At the same time he rejects the traditional emphasis on Trotsky's concept of Permanent Revolution and argues that a Marxist theorist is essential. Professor Day concentrates upon the economic implications of revolutionary Russia's isolation from Europe. How to build socialism - in a backward, war-ravaged society, without aid from the West: this problem lay behind many of the most important political conflicts of Soviet Russia's formative years.
Perestroika was acclaimed in the west but brought empty shelves in the east. Why Perestroika Failed argues that this was inevitable because it was not based on a sound understanding of market and political processes. Even if the perestroika programme had been carried out to the full it would have failed to bring about the structural changes necessa
This book uses the formerly secret Soviet state and Communist Party archives to describe the creation and operations of the Soviet administrative command system. It concludes that the system failed not because of the 'jockey'(i.e. Stalin and later leaders) but because of the 'horse' (the economic system). Although Stalin was the system's prime architect, the system was managed by thousands of 'Stalins' in a nested dictatorship. The core values of the Bolshevik Party dictated the choice of the administrative command system, and the system dictated the political victory of a Stalin-like figure. This study pinpoints the reasons for the failure of the system - poor planning, unreliable supplies, the preferential treatment of indigenous enterprises, the lack of knowledge of planners, etc. - but also focuses on the basic principal-agent conflict between planners and producers, which created a sixty-year reform stalemate.
This book places economic debates in their historical context and outlines how economic ideas have influenced swings in policy.
Economics has become polarised. On the one hand there is a body of economists who concern themselves with progressing their discipline via an increasing use of mathematical modelling. On the other hand, there are economists who believe passionately that in order for economics to be useful it needs to take account of its history, its impact on society and its real world applications. The contributors to this book fix their scholarly glare on the heterodox section of economics, and in particular upon critical realist approaches to the subject. Experts from a variety of perspectives have come together in these pages to examine the impact and usefulness of critical realism in relation to the different spheres within economics. Notable for its contributions from such distinguished figures as Clive Granger, Edward J. Nell and Peter J. Boettke - this book deserves to find a ready audience across the economics spectrum.
In this enhanced edition, Larry Arnhart continues to ask thought-provoking questions that illuminate the philosophies of some of the most prominent political thinkers throughout history. This clear, well-written guide is an ideal supplement to the original texts he recommends at the beginning of each chapter. In addition to his analysis of Plato, Aristotle, Augustine, Aquinas, Machiavelli, Descartes, Rousseau, Hegel, Marx, Nietzsche, and Rawls, the author’s well-organized and insightful approach provides an even more comprehensive overview than the earlier editions: • Supplementing the discussion of Leviathan, the chapter on Thomas Hobbes covers Behemoth. • The chapter on John Locke includes his Letter Concerning Toleration as well as the original discussion of Second Treatise of Government. • A chapter on Adam Smith has been added, which discusses Theory of Moral Sentiments and Wealth of Nations. • Leo Strauss is featured, with an examination of Persecution and the Art of Writing and Natural Right and History. • A final chapter analyzes Steven Pinker’s The Better Angels of Our Nature.
This collection of essays from one of the major Austrian economists working in the world today brings together in one place some of his key writings on a variety of economic issues.