1-Describe the potential role for markets in a socialist system. In your answer make sure to include a discussion of
· a detailed summary of Mises’ description of the nature of economic calculation and possibility of rational economic calculation in a socialist economy. Could there be a rational calculation in a socialist economy according to Mises, why or why not? How is nationalizing companies is different than having a shareholder-manager conflict according to Mises?
how Chinese reformers benefited from the “socialist calculation debate”. Weber pointed out to Oskar Lange’s challenge against Mises, how Chinese reformers adapted these ideas?
2- Duncan Foley discusses socialist system according to Marx. What do we talk about when we talk about socialism, according to Foley? In your answer make sure to include a discussion of
Marx’s vision in Critique of the Gotha Programme which claims there are two “stages” to the construction of communism, and the implications of his vision
Contributions of the Karl Menger’s “Vienna Circle” and the implications of these contributions for the “top-down” vision of socialism
Socialism as a self-organized or “bottom-up” system, and three main properties of a socialist system