Socialism after Hayek

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Theodore A. Burczak, Socialism After Hayek Ann Arbor, Ml: The University of Michigan Press, 2006, 200pp.; ISBN: 978-0472069514

When the Eastern Block collapsed some suggested that it vindicated the arguments of Thatcher's favourite economist Friedrich von Hayek. Hayek had argued that central planning could not work because it would be impossible for the planners to find, gather and process tiie dispersed information in an economy. Burczak agrees, but rather than reject socialism, he seeks to synthesise Marx and Hayek. The result is both interesting and frustrating. Interesting because it discusses ideas anarchists have long held dear: workers' self-management, the end of …