Private Property Rights, Dynamic Efficiency and Economic Development: An Austrian Reply to Neo-Marxist Scholars Nieto and Mateo on Cyber-Communism and Market Process
نویسندگان
چکیده
The Austrian school economics and neo-Marxist theories both have been reviving in recent years. However, the current academic discussion lacks a debate between two schools of with diametrically opposed views. This paper is first an initial challenge to Neo-Marxist scholars Nieto Mateo’s argumentation that cyber-communism theory dynamic efficiency are consistent enhance economic development. Their argument focuses on issues: (a) existence circular reasoning efficiency, (b) full development could be strongly promoted socialist system through new information communication technologies (ICT) democratization all life. While refers cyber-planning without private property rights ICT, entrepreneurs’ creative coordinative natures. In this paper, first, we argue hypothesis not compatible. Contrary above cyber-communist criteria, argues impede remove most powerful entrepreneurial incentive create coordinate profit opportunities. Second, inconsistent regard, explain how institutional environment can cultivate or stifle Having briefly outlined central Mateo, examine arrangement supporting cyber-communism. After that, evaluate implications process. It becomes manifest accounts too general recognize complexity works.
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ژورنال
عنوان ژورنال: Economies
سال: 2021
ISSN: ['2227-7099']
DOI: https://doi.org/10.3390/economies9040165