This contribution to economic philosophy considers Marx's pronouncements on the organization of future society, and in this context re-examines the long-lasting debate triggered by Mises's argument that modern industrial production requires a system of spontaneously-formed market prices. In an undogmatic, non-technical treatment, Steele contends that both the Marxian conception of future society and the Misesian argument against its feasibility have frequently been misunderstood. The work scrutinizes the replies to Mises, and explores some of the wider issues raised by the economic (...) calculation debate. (shrink)

THE PRINCIPLES OF SOCIAL EVOLUTION by C. R. Hallpike New York: Oxford University Press, 1987. 426pp., $59.00 CULTURE AND THE EVOLUTIONARY PROCESS by Robert Boyd and Peter J. Richerson Chicago: University of Chicago Press, 1985. 339pp., $29.95.

Abstract The recent proliferation of economically informed writings favoring market socialism exhibits dissonances in this evolving theoretical orientation. The ethical presuppositions of classical socialism have often been inherited by those who now embrace markets under socialism. But precisely because it accepts markets, market socialism may prove incompatible with these sentiments.

Can a democratic Global Society become the alternative to Empire and bring order into present international anarchy? One hundred percent sovereignty in nation states gives “security” to each but creates “anarchy” in relations between states. To bring order into international relations some sovereignty has to be surrendered. Empire, which does bring an order of sorts, is imposed from outside, is undemocratic and aggrandising. Global Society can be conceptualised as its alternative. Sharply contrasting Global Society to Empire tends to pose the (...) former as a panacea, but it is important to know its potential faults. Global Society can be envisioned at the constitutive stage and as continuing to exert influence within the institutions it creates. At the difficult constitutive stage, it will be fragile and of unwieldy size and ought only be called into play at critical junctures. The institutions it creates will be a democratic federal regime of regional blocks of states. To resolve issues, Global Society presumes effective consocial dialogue and participation rather than violent contention. Classical and Hellenistic Greece provide examples where vision and honour battled with the ambitions and greed of Empire and remarkably sometimes won. All the Greek city-states were under some sort of regional federal alliance at different times and drew strength from shared religious sanctuaries and their attached Games. The various interchanges between democratic Federalism and Empire in ancient Greece offers a microcosm of today's interregnum between modern and postmodern international relations. For as democratic political theorists at the start of the twenty first century, we do not seem to be able to do without the legitimizing idea of the People, but we do not know what to do with it. —Margaret Canovan, “The People, the Masses, and the Mobilization of Power: The Paradox of Hannah Arendt's ‘Populism’” Lysistrata: Don't you share a cup at common altars, for common gods, like brothers, at the Olympic games, Thermophylai and Delphi? —Aristophanes, Lysistrata. (shrink)