Don Lavoie uses the economy of the Soviet Union as an example of the failure of Marxian-style communism.
Don C. Lavoie
Don Lavoie was an adjunct scholar at the School of Public Policy at George Mason University and an economic scholar at Cato. In 1985 he published both Rivalry and Central Planning: The Socialist Calculation Debate Reconsidered (Cambridge) and National Economic Planning: What Is Left? (Cato, Ballinger). His final book, published with Emily Chamlee-Wright, is Culture and Enterprise (Cato, Routledge).
“Libertarians are the only revolutionaries whose victory…will usher in an age of free men and women living their own lives as they choose.”
“This variety of action programs makes AI an ideal institution for people of almost any political persuasion to join.”
The socialists, who would further regiment human social relations, are reactionaries; libertarians are the radicals.
“I intend to study the whole problem of the market process. We Austrians say we have a better paradigm than the neoclassical economists.”
This essay examines the important role culture plays in markets.