Quarterly Journal of Austrian Economics
Author:
Ivan Pongracic
Online Publish Date:
Volume 2, No. 2 (Summer 1999) In recent years, there has been a remarkable resurgence of socialist and social-democratic theorizing, this time, allegedly, with a quite different twist (Pongracic 1997, pp. 599–600). These theorists still regard capitalism as characterized by exploitation, inequality, and negative externalities. But they are now