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Economic Calculation, Complexity, and Cyber-Communism: Bad News for the Austrian School
In: World review of political economy: journal of the World Association for Political Economy, Band 14, Heft 2
ISSN: 2042-8928
For the Austrian School, the problem of efficient allocation of scarce resources is not computational in nature (ability to collect and process data) but economic-entrepreneurial (human assessment and decision around new ends and means of productive activity), and that can only be resolved through exchanges and private property rights, thereby making the market an experimental and decentralized entrepreneurial process. This thesis has two variants: the Misesian emphasizes the role of economic calculation as an entrepreneurial appraisement made in conditions of uncertainty; and the Hayekian the coordinating role of entrepreneur in the face of the cognitive limits of agents (where omniscience is impossible). In this article, we show the inconsistency of this thesis in both its variants and argue that the theory of cyber-communism offers a solution that combines technological and institutional responses to the not merely computational complexity of the allocation problem.
Market Socialism: The Impossible Socialism
In: Science & Society, Band 86, Heft 1, S. 66-94
The idea of combining some form of social equality with markets goes back to the very origins of socialist tradition and also underlies most of the proposals currently being presented as "alternatives" to the capitalist social order. However, taking as its axis the organic relationship between commodity circulation and capital, as revealed by Marx, it is possible to offer a critique of market socialism (choosing David Schweickart's version of Economic Democracy as a generic textual reference) to demonstrate its inconsistency as a project for social emancipation alternative to the capitalist mode of production. And this for reasons of: i) economy: due to market inefficiency in allocation, and its tendency toward social polarization; ii) politics: because markets prevent citizen self-government and block the free development of human capacities; and iii) ecology: the market is incompatible with a social metabolism that is sustainable with nature. The conclusion is that a market-based production structure is incompatible with the conscious, rational, and democratic regulation of the economy.
Entrepreneurship and Decentralised Investment in a Planned Economy: A Critique of the Austrian Reading
In: Historical materialism: research in critical marxist theory, Band 30, Heft 1, S. 133-163
ISSN: 1569-206X
Abstract
Since the 1980s, authors of the Austrian School have argued that the problem of rational allocation in a planned economy is not computational or technical in nature (static optimisation, with given information) but a question of dynamic efficiency (innovation and the creation of new information), and that this would be impossible without market processes and free entrepreneurship. In this article, we argue to the contrary that a planned economy can effectively drive dynamic efficiency. We first reveal that the Austrian thesis on the impossibility of dynamic efficiency in socialist planning is based on tautological arguments, or on problems already solved by technological development. Secondly, we present an institutional formula for promoting innovative activities and entrepreneurship within a framework of social ownership of the means of production and social control of investment.
El decrecimiento no es ninguna solución
In: Disjuntiva: crítica de les ciències socials, Band 2, Heft 1, S. 7
ISSN: 2659-7071
El artículo propone una crítica desde el marxismo a la teoría eco-socialista del decrecimiento basada en tres ejes principales: 1) por un lado, argumentamos que esta corriente se basa de un planteamiento fundamentalmente errado que confunde la causa última de los problemas de extralimitación ambiental, que no es el "crecimiento" en abstracto sino la lógica económica capitalista que lo gobierna, una lógica ciega que impide la regulación consciente y democrática de la economía; 2) en segundo lugar, consideramos que propone una solución socialmente injusta y reaccionaria, pues reparte responsabilidades por igual, hace recaer el coste de la reconversión ecológica sobre la clase trabajadora e impide aprovechar las enormes capacidades científico-técnicas acumuladas por la humanidad; 3) en tercer lugar, consideramos que constituye un proyecto esencialmente utópico por dos motivos: no establece unos fundamentos institucionales y económicos verdaderamente alternativos al capitalismo; y es inviable porque acaba aceptando la misma producción mercantil que está detrás de la degradación ambiental. Como conclusión, se reivindican las posibilidades de la planificación económica socialista en las condiciones tecnológicas actuales como verdadera alternativa a la crisis eco-social global.
El decrecimiento no es ninguna solución ; The decrease is no solution
El artículo propone una crítica desde el marxismo a la teoría eco-socialista del decrecimiento basada en tres ejes principales: 1) por un lado, argumentamos que esta corriente se basa de un planteamiento fundamentalmente errado que confunde la causa última de los problemas de extralimitación ambiental, que no es el "crecimiento" en abstracto sino la lógica económica capitalista que lo gobierna, una lógica ciega que impide la regulación consciente y democrática de la economía; 2) en segundo lugar, consideramos que propone una solución socialmente injusta y reaccionaria, pues reparte responsabilidades por igual, hace recaer el coste de la reconversión ecológica sobre la clase trabajadora e impide aprovechar las enormes capacidades científico-técnicas acumuladas por la humanidad; 3) en tercer lugar, consideramos que constituye un proyecto esencialmente utópico por dos motivos: no establece unos fundamentos institucionales y económicos verdaderamente alternativos al capitalismo; y es inviable porque acaba aceptando la misma producción mercantil que está detrás de la degradación ambiental. Como conclusión, se reivindican las posibilidades de la planificación económica socialista en las condiciones tecnológicas actuales como verdadera alternativa a la crisis eco-social global. ; The article proposes a criticism to the eco-socialist theory of degrowth from a Marxist perspective based on three main axes. On the one hand, we argue that this stream is based on a fundamentally wrong approach that confuses the main cause of the environmental overreach problems, which would not be "growth" from an abstract perspective but the capitalist economic logic that governs it through a blind logic that prevents the conscious and democratic regulation of the economy. Secondly, we consider that the eco-socialist approach proposes a socially unjust and reactionary solution, since it distributes responsibilities equally, placing the cost of ecological reconversion on the working class. This proposition prevents to take advantage of the enormous scientific and technical capacities accumulated by humanity. Thirdly, we consider that the eco-socialist theory constitutes an essentially utopian project for two reasons: (1) it does not establish institutional and economic foundations truly alternative to capitalism and, (2) it is unfeasible because it ends up accepting the same mercantile production that is behind the environmental degradation. In conclusion, the possibilities of socialist economic planning are claimed in the current technological conditions as a true alternative to the global eco-social crisis.
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The degrowth is no solution ; El decrecimiento no es ninguna solución
The article proposes a criticism to the eco-socialist theory of degrowth from a Marxist perspective based on three main axes. On the one hand, we argue that this stream is based on a fundamentally wrong approach that confuses the main cause of the environmental overreach problems, which would not be "growth" from an abstract perspective but the capitalist economic logic that governs it through a blind logic that prevents the conscious and democratic regulation of the economy. Secondly, we consider that the eco-socialist approach proposes a socially unjust and reactionary solution, since it distributes responsibilities equally, placing the cost of ecological reconversion on the working class. This proposition prevents to take advantage of the enormous scientific and technical capacities accumulated by humanity. Thirdly, we consider that the eco-socialist theory constitutes an essentially utopian project for two reasons: (1) it does not establish institutional and economic foundations truly alternative to capitalism and, (2) it is unfeasible because it ends up accepting the same mercantile production that is behind the environmental degradation. In conclusion, the possibilities of socialist economic planning are claimed in the current technological conditions as a true alternative to the global eco-social crisis. ; El artículo propone una crítica desde el marxismo a la teoría eco-socialista del decrecimiento basada en tres ejes principales: 1) por un lado, argumentamos que esta corriente se basa de un planteamiento fundamentalmente errado que confunde la causa última de los problemas de extralimitación ambiental, que no es el "crecimiento" en abstracto sino la lógica económica capitalista que lo gobierna, una lógica ciega que impide la regulación consciente y democrática de la economía; 2) en segundo lugar, consideramos que propone una solución socialmente injusta y reaccionaria, pues reparte responsabilidades por igual, hace recaer el coste de la reconversión ecológica sobre la clase trabajadora e impide ...
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Dynamic Efficiency in a Planned Economy: Innovation and Entrepreneurship Without Markets
In: Science & Society, Band 84, Heft 1, S. 42-66