Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education No. Forthcoming (2016)
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Abstract
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
Item Type: | MPRA Paper |
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Original Title: | Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt |
English Title: | Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt |
Language: | English |
Keywords: | Orwell; Richter; Hazlitt; democratic socialism; market socialism; totalitarianism |
Subjects: | A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B24 - Socialist ; Marxist ; Sraffian B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B25 - Historical ; Institutional ; Evolutionary ; Austrian B - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: Individuals > B31 - Individuals B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B53 - Austrian D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General P - Economic Systems > P1 - Capitalist Systems > P11 - Planning, Coordination, and Reform P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P20 - General P - Economic Systems > P3 - Socialist Institutions and Their Transitions > P30 - General Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z11 - Economics of the Arts and Literature |
Item ID: | 66360 |
Depositing User: | Mr. Michael Makovi |
Date Deposited: | 31 Aug 2015 08:38 |
Last Modified: | 06 Oct 2019 04:13 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/66360 |