Economic Calculation in the Socialist Society

by Trygve J. B. Hoff

Overview

Dr. Hoff’s 1938 book and Professor Vaughn’s important introduction establish the theoretical impossibility of socialism: a system empirically in ruins but still advocated by many.

Product Details

ISBN-13:	9780913966945
Publisher:	Liberty Fund, Incorporated
Publication date:	06/01/1981
Pages:	464
Product dimensions:	6.00(w) x 9.00(h) x 1.45(d)
Age Range:	18 Years

Table of Contents

Introduction by Karen I. Vaughn ix Translator’s Note xxxix Author’s Preface xli 1. Statement of the Problem—Earlier Treatment of the Subject—Possibility of “Objective”Discussion 1
2. Definitions and Assumptions 17
3. Procedure—Additional Assumptions—The Aim of Social Economic Activity 34
4. Calculation in Socialist Societies with a Natural Economy 50
5. The Possibility of Economic Calculation in Marxist-Communist Communities 81
6. Money and the Formation of Prices of Consumer Goods in a Socialist Society with Free Choice of Goods and Occupation 101
7. Reserves, Profit and Risk in the Socialist State 129
8. Interest in the Socialist Society 143
9. Rent in the Socialist Society 189
10. Depreciation in the Socialist Society 196
11. Mises’ Theory. Proposed Solutions: Mathematical Solutions and the “Experimental Method” 202
12. Other Solutions, Marginal Costs as Criteria 224
13. Other Suggested Solutions: Competition in the Socialist Community 237
14. Economic Calculation in a Socialist Society Where There Is Free Choice of Goods or Occupation 258
15. Resumé and Conclusions 287 Appendices A. The Price-Mechanism in a Private Capitalist Society 296
B. Alleged Defects of Capitalist Societies and the Chances of Eliminating Them in Socialist Societies 311
C. A Comparison between our Conclusions and Experiences in Soviet Russia 341 Bibliography 391
Index 401
Biographical Note 407