Two open letters to friends, an austrian economist and a socialist

Revista de Economía Institucional

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Title Two open letters to friends, an austrian economist and a socialist
Cartas abiertas a dos amigos, un economista austriaco y uno socialista
Cartas abertas a dois amigos, um economista austríaco e um socialista
 
Creator M. Hodgson, Geoffrey
 
Subject Austrian economy, free market, Hayek, von Mises, capitalism, socialism, welfare state
economía austríaca, libre mercado, Hayek, von Mises, capitalismo, socialismo, Estado de bienestar
economia austríaca, livre mercado, Hayek, von Mises, capitalismo, socialismo, estado de bem-estar
 
Description I address these letters two imaginary friends. In the first, to a free-market libertarian, I recognize the strengths in her position but argue that the basic libertarian stance needs to be updated in the light of developments in the financial and corporate world, and of growing inequalities in the distributions of wealth. The second letter is to a socialist, who still wishes to maximize public ownership and minimize markets. I argue that this position has received fatal blows in the twentieth century, from theoretical critiques and from practical catastrophes. Socialism –at least in its classic sense– is dead as a practical and humane doctrine. The welfare state, perhaps also with a significant public sector, is not. The real debate concerns what direction we would wish to take capitalism.
Dirijo estas cartas dos amigos imaginarios. En la primera, a un libertario de libre mercado, reconozco las fortalezas de su posición, pero argumento que la posición libertaria básica se debe actualizar a la luz de los desarrollos del mundo financiero y corporativo, y de la creciente desigualdad en la distribución de la riqueza. Dirijo la segunda carta a un socialista, que aún desea maximizar la propiedad pública y minimizar los mercados. Argumento que esta posición ha recibido golpes fatales en el siglo XX, provenientes de la crítica teórica y de catástrofes prácticas. El socialismo al menos en su sentido clásico– ha muerto como doctrina práctica y humana. No así el Estado de bienestar, quizás con un sector público significativo. El debate se refiere a la dirección que nos gustaría que tomara el capitalismo.
Dirijo estas cartas para dois amigos imaginários. Na primeira, a um libertário do livre mercado, reconheço os pontos fortes de sua posição, mas defendo que a posição libertária básica deve ser atualizada à luz do desenvolvimento do mundo financeiro e corporativo, e da crescente desigualdade na distribuição de riqueza. Dirijo a segunda carta a um socialista, que ainda quer maximizar a propriedade pública e minimizar os mercados. Argumento que essa posição recebeu golpes fatais no século XX, vindos da crítica teórica e de catástrofes práticas. O socialismo — pelo menos no seu sentido clássico — morreu como doutrina prática e humana. Não é assim o estado de bem-estar, talvez com um setor público significativo. O debate se refere à direção que gostaríamos que o capitalismo tomasse.
 
Publisher Universidad Externado de Colombia
 
Date 2018-12-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
application/xml
text/html
 
Identifier https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5725
10.18601/01245996.v21n40.04
 
Source Revista de Economía Institucional; Vol. 21 Núm. 40 (2019): Enero-Junio; 111-142
Revista de Economía Institucional; Vol 21 No 40 (2019): Enero-Junio; 111-142
Revista de Economía Institucional; v. 21 n. 40 (2019): Enero-Junio; 111-142
2346-2450
0124-5996
 
Language spa
 
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https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5725/7122
https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5725/7546
https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5725/7717
 
Rights Derechos de autor 2018 Geoffrey M. Hodgson
http://creativecommons.org/licenses/by-nc-sa/4.0
 

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