Whither Socialism? (Wicksell Lectures)
| Author | : | |
| Rating | : | 4.48 (812 Votes) |
| Asin | : | 0262691825 |
| Format Type | : | paperback |
| Number of Pages | : | 352 Pages |
| Publish Date | : | 2014-08-30 |
| Language | : | English |
DESCRIPTION:
"At the Heels of Giants" according to D. W. MacKenzie. This book possesses two distinct features. First, it errs frequently. Second, it errs amateurishly. Perhaps the most important error in this book is in how it was researched. It references nothing that Lange and Hayek wrote during the Interwar Debate on Socialism. It references none of the articles t. Gregory Alan Wingo said Information Economics. This is perhaps Stiglitz' masterpiece since he is now devoting himself to popular works on current economic events. Written in the midst of Eastern Europe's transition out of communism, it reflects on the problems of market systems and, necessarily, on socialism. It is a profound look at the spectrum. Fine critique of capitalism's dogmas William Podmore The American economist Joseph Stiglitz argues that the neoclassical model (`the competitive paradigm') propped up the idea of market socialism, so the failure of market socialism also refutes the neoclassical model.In market socialism, governments use prices, just like market economies do, to allocat
In this book, Joseph Stiglitz explains how the neoclassical, or Walrasian model (the formal articulation of Adam Smith's invisible hand), which has dominated economic thought over the past half century, may have wrongly encouraged the belief that market socialism could work. He also identifies problems arising from its assumptions concerning completeness of markets, competitiveness of markets, and the absence of innovation. The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. Stiglitz argues that not only did the existing paradigm fail to provide much guidance on the vital question of the choice of economic
He is indebted to the MacArthur, Mott, and Ford Foundations for financial support.. Stiglitz, a Fellow of the American Academy of Arts and Sciences since 1983, is University Professor at Columbia University. Joseph E. His recent books include Globalization and Its Discontents (2002) and The Roaring Nineties: A N
Guiding the Eastern bloc's move to the market is the great policy problem of our day. It is rigorous and accessible, a rare combination. His book will give pause to skeptics of the applicability of modern economics but also caution those inclined to apply it mechanically. (Partha Dasgupta, University of Cambridge)Whither Socialism? is to be recommended. Judged in terms of both depth and reach, this elegantly written volume is never less than what we have come to expect for one of the most significant social thinkers of our time. (The Economist) . It offers deep new thinking on a big subject: the role of the state. joe Stigliz shows how economic theory, sensitively used, can inform