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Capitalism, Socialism and Property Rights

Capitalism, Socialism and Property Rights
Author: Mateusz Machaj
Publisher:
Total Pages: 0
Release: 2023
Genre: Capitalism
ISBN:

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The comparative analysis of socialist and capitalist economic systems has given rise to a voluminous literature in the history of economic thought, yet detailed analysis of the 'market socialism' model, which seeks to imitate the functional efficiency of capitalism by simulating a competitive economy, has been relatively neglected. In this work, Mateusz Machaj seeks to redress this imbalance by providing an in-depth examination of one of the defining issues that separates capitalism from socialism - the system of ownership, or property rights - which, when explored, highlight fundamental problems in the market socialism model.


A Liberal Theory of Property

A Liberal Theory of Property
Author: Hanoch Dagan
Publisher: Cambridge University Press
Total Pages: 343
Release: 2021-04-15
Genre: Business & Economics
ISBN: 1108418546

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Property law should expand opportunities for individual and collective self-determination and restrict options of interpersonal domination.


The Economics of Property Rights

The Economics of Property Rights
Author: S. Pejovich
Publisher: Springer Science & Business Media
Total Pages: 204
Release: 2007-08-20
Genre: Business & Economics
ISBN: 0585285578

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To understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits.


A Theory of Socialism and Capitalism

A Theory of Socialism and Capitalism
Author: Hans-Hermann Hoppe
Publisher: Springer Science & Business Media
Total Pages: 281
Release: 2013-06-29
Genre: Business & Economics
ISBN: 9401578494

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The Economics of Property Rights

The Economics of Property Rights
Author: Eirik Grundtvig Furubotn
Publisher: Cambridge, Mass. : Ballinger Publishing Company
Total Pages: 408
Release: 1974
Genre: Business & Economics
ISBN:

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Dynamism, Rivalry, and the Surplus Economy

Dynamism, Rivalry, and the Surplus Economy
Author: János Kornai
Publisher: Oxford University Press, USA
Total Pages: 206
Release: 2014
Genre: Business & Economics
ISBN: 0199334765

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In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.


The Economics and Ethics of Private Property

The Economics and Ethics of Private Property
Author: Hans-Hermann Hoppe
Publisher: Springer Science & Business Media
Total Pages: 268
Release: 2013-03-14
Genre: Business & Economics
ISBN: 940158155X

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The collapse of socialism across Eastern Europe - as manifested most dramatically by the events of the forever memorable November 9, 1989, when the Germans of East and West reunited, moved and overjoyed, on top of the Berlin Wall - has added more support and urgency to the central thesis of this volume than I had ever hoped for. Whether the following studies deal with economic topics, such as employment, interest, money, banking, business cycles, taxes, public goods, or growth; with philosophical problems as the foundations of know ledge, and of economics and ethics in particular; or the reconstruction and theoretical explanation of historical and sociological phenomena such as exploitation, the rise and fall of civilizations, international politics, war, imperialism, and the role of ideas and ideological movements in the course of social evolution - each ultimately contributes to but one conclusion: The right to private property is an indisputably valid, absolute principle of ethics and the basis for continuous 'optimal' economic progress. To rise from the ruins of socialism and overcome the stagnation of the Western welfare states, nothing will suffice but the uncompromizing privatization of all socialized, that is, government, property and the establishment of a contractual society based on the recognition of the absoluteness of private property rights. *** In writing the following studies I received help from many sides. Special thanks go to my wife Margaret, who again took on the task of de Germanizing my English; to Llewellyn H.


A Future for Socialism

A Future for Socialism
Author: John E. Roemer
Publisher: Harvard University Press
Total Pages: 196
Release: 1994
Genre: Business & Economics
ISBN: 9780674339460

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In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.


Law & Capitalism

Law & Capitalism
Author: Curtis J. Milhaupt
Publisher: University of Chicago Press
Total Pages: 281
Release: 2008-09-15
Genre: Law
ISBN: 0226525295

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Recent high-profile corporate scandals—such as those involving Enron in the United States, Yukos in Russia, and Livedoor in Japan—demonstrate challenges to legal regulation of business practices in capitalist economies. Setting forth a new analytic framework for understanding these problems, Law and Capitalism examines such contemporary corporate governance crises in six countries, to shed light on the interaction of legal systems and economic change. This provocative book debunks the simplistic view of law’s instrumental function for financial market development and economic growth. Using comparative case studies that address the United States, China, Germany, Japan, Korea, and Russia, Curtis J. Milhaupt and Katharina Pistor argue that a disparate blend of legal and nonlegal mechanisms have supported economic growth around the world. Their groundbreaking findings show that law and markets evolve together in a “rolling relationship,” and legal systems, including those of the most successful economies, therefore differ significantly in their organizational characteristics. Innovative and insightful, Law and Capitalism will change the way lawyers, economists, policy makers, and business leaders think about legal regulation in an increasingly global market for capital and corporate governance.