English, Article edition: FRIEDRICH VON WIESERS´S THEORY OF SOCIALISM: A MAGNIFICENT FAILURE Samuel BOSTAPH

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/197821
Physical Description
  • article
Language
  • English

Edition details

Title
  • FRIEDRICH VON WIESERS´S THEORY OF SOCIALISM: A MAGNIFICENT FAILURE
Author
  • Samuel BOSTAPH
Physical Description
  • article
Notes
  • Wieser, marginal utility, imputation theory, economic calculation
  • RePEc:prg:jnlpol:v:2005:y:2005:i:6:id:533:p:723-732
  • This paper examines Friedrich von Wieser’s theory of the socialist or communist planned economy. It identifies in Wieser’s Law of Power (1926) the abiding interests that stimulated his attempt to use Carl Menger’s theory of subjective value to present a theory of socialism, first in Natural Value (1889) and later in Social Economics (1914). It discusses his conception of a unit of marginal utility, or “natural value,” as the basic unit of economic calculation in his imputation theory and his use of that building block in his consequent theory of production and distribution in a socialist economy. Lastly, it argues that Wieser’s theory attempts to socially objectify subjective values and is actually a return to a pre-Mengerian supply-side, real cost approach to the theory of value. Wieser’s theory of economic calculation under socialism thus represents a failure to understand the radical contribution of Menger’s value theory to the theory of exchange.
  • marginal utility, Wieser, economic calculation, imputation theory
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment