Capitalism, Socialism, and Serfdom: Essays by Evsey D. Domar by Evsey D. Domar

By Evsey D. Domar

This booklet includes fourteen of Professor Domar's critical papers, starting with at the size of Technological switch, released in 1961 and finishing with The Blind males and the Elephant, which has now not seemed in print sooner than. The ebook is split into 4 elements. half I provides 3 non-technical essays on financial improvement and financial platforms, together with a unique comparability among them. half II bargains with the idea and dimension of the so-called "Index of overall issue productiveness" for a number of international locations, and comprises an essay at the concept of index numbers. half III compares the Soviet and American styles of financial improvement. half IV provides 3 functions of financial conception to historic difficulties: particularly, serfdom and slavery, and comprises the now vintage essay The explanations of Slavery or Serfdom.

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The last reason for this rejection which I would like to offer (there must be many others) is impatience. As seen by the intellectuals from the underdeveloped countries, what does this system have to offer? First, the development and export of agricultural and mining products, with all the uncertainties of the world demand for them. Then, a gradual expansion of light industries, beginning with food, textiles, and the like, and the refining of minerals. All through this period they will be threatened with inflation to which a market economy easily succumbs when it tries to move fast, and their dependence on advanced countries for technical help, machinery, spare parts, materials, and foreign exchange in general, will continue and even increase.

4, 277, 281, 362, 524-25) or as "so-called socialist" (p. 277). They are treated with disdain and together with the state-capitalist countries (England, France, or Sweden) are declared not to be "model societies of socialism to be emulated" (p. 4). Worse than that, "The state socialist countries of the Soviet Union and Eastern Europe are to true socialism what 'the monsters of the paleolithic era are to present animal species: clumsy, abortive, prototypes'" (p. 4). If countries which have been regarded by themselves and by others to be socialist have turned out to be something else, surely an explanation is in order.

Finally, previously satisfied workers may become dissatisfied from mere discussion of the subject, as happened in the Goldthrope experiment described by Andre Gorz in The Capitalist System (pp. 479-80). Workers' management or at least participation in decision-making has been suggested as a remedy; see, for instance, Hunnius (1973) and Jenkins (1973). See, however, pp. 273, 315, and a few others. In another radical book (Hunnius 1973), the reasons for the unions' attitudes are discussed and the unions are severely censured.

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