> I just saw this on the History of Economics list.
>
> Bergson Abram. 1948. "Socialist Economics." in Howard S.
Ellis,
> ed. A Survey of Contemporary Economics, Vol. 1
(Homewood, ILL:
> Iriwin/AEA): pp. 412-48.
> 444: He cites Paul Sweezy "Marxian economics is
essentially the
> economic of capitalism, while "capitalist" economics is
in a very
> real sense the economics of socialism." Sweezy, Paul M.
1935.
> "Economics and the Crisis of Capitalism." Economic
Forum, 3,
> (Spring): p. 79. Michael Perelman
Quite so. Sweezy understood that microtheory is about
allocation
under socialism, under the admittedly shaky premise that the
state
would make and implement decisions based on optimality
criteria,
the same efficiency theory that makes people here fulminate.
mbs
