Liberal Values and Socialist Models

In a recent issue of this journal, Darrel Moellendorf evaluates three socialist models of economic organisation in terms of their efficiency and equity attributes (Moellendorf 1997). From the perspective of the cogency of the arguments made within the worldview accepted by Moellendorf, his contribution must certainly be judged a scholarly and thoughtfully written piece. However, as a free’market economist I find the central claim of his article – that any of the three socialist models discussed can successfully reproduce or even approximate the individual freedom and economic efficiency of a private-property rights system – implausible to say the least

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