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Markets, Planning and Democracy

Essays after the Collapse of Communism

David L. Prychitko

The essays contained herein span over a decade and reflect David Prychitko’s thinking about the role of the market system, and its relation to planning and democratic processes. The collection consists of previously published and unpublished articles written not only for economists but also for an interdisciplinary audience.
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David L. Prychitko


Over the past decade my research has been financially supported by the Earhart Foundation, the J.M. Kaplan fund, and the Atlas Foundation. I am indebted to them, for they have made it possible for this backwoods professor to enjoy scholarly pursuits, in addition to fish and game. I thank my friend and colleague Pete Boettke for suggesting that I publish this particular collection of essays in his New Thinking in Political Economy series. Pete and I share the same vision of what an Austrianinspired political economy ought to be, but we disagree on some of the details, such as the theoretical validity and normative value of selfmanaged enterprise. That he has supported my efforts all along speaks volumes for his kind-heartedness and intellectual generosity. I also wish to thank Alan Sturmer and Karen McCarthy at Edward Elgar Publishing for guidance in the production of this book, and Laura Kramer at Northern Michigan University for her secretarial support. I wrote these essays over a twelve-year period, and have greatly benefited from the encouragement, comments, and support of several colleagues during that time. In particular, I wish to thank Jaroslav Vanek, who corrected a number of my illusions about workers’ self-management, while I visited as a junior fellow in his Program on Participation and Labormanaged Systems at Cornell University in 1988, and for the decade that followed. I also gained a great deal from my experience as a Fulbright Grant recipient at the Philosophical Faculty at the University of Zagreb,...

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