This book discusses the 1918 European socialization debate, its consequences, and its relevance a century later. Following the end of the First World War, the disastrous social and economic situation facing Europe led to calls for socialization of central economic sectors, as well as measures for the improvement of work conditions and social security. This book rekindles the debate, presenting the basic issues of socialization from different European countries and taking into account current developments. The chapters track the socialism debate in Europe from its initial inception in 1918 and examine the ways in which it has shaped the public discourse in the years following, drawing theoretical connections between the conditions that created the environment for the debate to begin and contemporary social and political trends. This book will be of particular interest to graduate students and researchers of socioeconomics, ethics, the history of economic thought, history, and political science.

A DAILY MAIL BOOK OF THE WEEK A SPECTATOR BOOK OF THE YEAR A DAILY TELEGRAPH BEST HISTORY BOOK OF 2023 ASPECTS OF HISTORY BOOKS OF THE YEAR A GUARDIAN BOOK OF THE YEAR 2023 Established in 1918–19, in the wake of Germany's catastrophic defeat in the First World War and the revolution that followed swiftly on its heels, the Weimar Republic ushered in widespread social reform, a radical cultural flowering and the most democratic conditions the German people had ever known. At its beginning, Weimar held out the hope that democracy, stability and prosperity would take root in Germany, but it was beset by frequent changes of government, waves of economic upheaval and spasms of violence of increasing intensity between the forces of left and right. Agitation and assassination by rightwing nationalists – enraged by the severity of the Treaty of Versailles and the acceptance of its terms by liberal German politicians – formed a threatening descant to the conciliatory efforts of successive coalition governments. Ultimately, the instabilities of Weimar would lead to the appointment as German Chancellor of the Nazi Fu ̈hrer Adolf Hitler, who created a one-party dictatorship that abandoned the rule of law, democracy and civil rights. In the words of Gustav Stresemann, Germany's Nobel Peace Prize-winning Foreign Minister from 1923 to 1929, Weimar democracy was 'dancing on a volcano'. The Weimar Years is a vivid and compelling narrative of a dramatic period in German history. Year by year, from 1918 to 1933, Frank McDonough covers the major events in both domestic and foreign policy and the personalities who shaped them, together with developments in music, art, theatre and literature. McDonough places particular focus on the parliamentary history of Weimar, arguing that it was the failure of parliamentary democracy to bring stability that eroded public confidence and allowed the power of the elected Reichstag to gradually diminish, culminating in Hitler's accession to power in January 1933. The Weimar Years is the tragic story of a rise and fall, as well as a warning of how, under poor leadership, economic pressure and unrelenting political volatility, a democracy can drift towards a form of authoritarian rule that eventually destroys it.

This book examines the interrelations between Russian and European economics from the early 19th century to the present. It analyzes how Western economic thinking, such as classical economics and the marginal revolution, influenced Russian economic thinking and how Western economic ideas were modified and adapted to better reflect the specific Russian circumstances of the time. Moreover, the contributions in this book show how these modified ideas also influenced Western economists at the end of the 19th century, when Russian economics had reached the stage of professionalism and joined the international discourse on the discipline. Written by an international selection of respected experts, this book provides an overview of the most influential Russian economists and covers a wide range of topics such as the marginal revolution, the specific influence of Marxism, the evolution of mathematics and statistics in Russia in the 1890s–1920s, and the unique experience of building a planned economy in the Soviet Union. It is intended for all scholars and students who are interested in the history of economic thought.

This Modern Guide explores central ideas, concepts, and themes in the Austrian school of economics, with a focus on how they, and with them the overall theory, have evolved over recent decades. Leading scholars offer their insights into potential directions of future research in the field, pointing towards contemporary debates and their potential conclusions, underdeveloped aspects and extensions of theory, and current applications of interest.

This volume examines concepts of central planning, a cornerstone of political economy in Soviet-type societies. It revolves around the theory of “optimal planning” which promised a profound modernization of Stalinist-style verbal planning. Encouraged by cybernetic dreams in the 1950s and supporting the strategic goals of communist leaders in the Cold War, optimal planners offered the ruling elites a panacea for the recurrent crises of the planned economy. Simultaneously, their planning projects conveyed the pride of rational management and scientific superiority over the West. The authors trace the rise and fall of the research program in the communist era in eight countries of Eastern Europe, including the Soviet Union, and China, describing why the mission of optimization was doomed to fail and why the failure was nevertheless very slow. The theorists of optimal planning contributed to the rehabilitation of mathematical culture in economic research in the communist countries, and thus, to a neoclassical turn in economics all over the ex-communist world). However, because they have not rejected optimal planning as “computopia,” there is a large space left behind for future generations to experiment with Big Optimal Plans anew—based, at this time, on artificial intelligence and machine learning.

“Council democracy” is a particular form of democratic socialism that strives towards democratic self-governance on the basis of active, free, and associated individuals working cooperatively within a federated council system. Both in political practice and in social theory, “council democracy” has resurfaced periodically in the past, most notably in the interwar period, in the “long 1960s,” and since the turn of the 21st century. This book offers a novel theoretical and methodological approach to the study of “council democracy.” It focuses on the processes that led to the emergence of two of the foundational and most radical instances of “council democratic” movements in Germany during the German Revolution (1918-1919) and in Italy during the biennio rosso (1919-1920). With all their diversities, ambiguities, and shortcomings, these movements, in varying degrees, sought democratic alternatives to autocratic relations, from local to state levels, and to economic relations, from workplace to national levels. The book shows how the processes through which state-led war mobilization transformed the contours of class struggle laid the ground for the emergence of “council democratic” movements with specific characteristics in Germany and Italy and not in the United Kingdom and France.

This edited volume discusses the life and scholarship of Friedrich Engels. Written to commemorate the two-hundred-year anniversary of Engels’ birth, the contributions take a look into his research from a variety of viewpoints, trace the influence of his predecessors, and critically evaluate his place within 19th century scholarship. In addition, specific topics are taken up, such as his (mis)assessment of American capitalism, his influence on the Italian labor movement, the thematization of social problems and the relevance of his thought in a global economy. Providing a fresh look at the co-founder of scientific socialism, this volume will be of interest to researchers and students of contemporary political, social and economic systems, the history of economic thought, and political history.