Artikel

Kazimierz Łaski and the scope and significance of the price mechanism

Kazimierz Łaski's first contributions to economics were on the theory of growth and equilibrium in the socialist economy. He gravitated in between Włodzimierz Brus, who argued that the economy could be brought into equilibrium through market mechanisms, and the most profound influence on Łaski, Michał Kalecki. In Kalecki's view, the socialist economy is brought into equilibrium by means of investment and an appropriate wage policy, determined by central planners. Markets and price mechanisms cannot bring about general equilibrium but function to distribute profits among enterprises in the economy. With cost minimisation, markets and prices in socialism, if left to themselves, generate similar deflationary tendencies to the ones that obtain under capitalism. The scope and significance of the price mechanism thus goes beyond its rather trivial application to market equilibrium.

Sprache
Englisch

Erschienen in
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 16 ; Year: 2019 ; Issue: 3 ; Pages: 318-326

Klassifikation
Wirtschaft
History of Economic Thought since 1925: Socialist; Marxist; Sraffian
History of Economic Thought: Individuals
General Equilibrium and Disequilibrium: Other
General Aggregative Models: Marxian; Sraffian; Kaleckian
Socialist Systems and Transitional Economies: Planning, Coordination, and Reform
Socialist Systems and Transitional Economies: Prices
Thema
market socialism
central planning
price equilibrium
Kalecki
Łaski
Brus

Ereignis
Geistige Schöpfung
(wer)
Toporowski, Jan
Ereignis
Veröffentlichung
(wer)
Edward Elgar Publishing
(wo)
Cheltenham
(wann)
2019

DOI
doi:10.4337/ejeep.2019.0055
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Toporowski, Jan
  • Edward Elgar Publishing

Entstanden

  • 2019

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