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Socialism In The 1920s

Satisfactory Essays

1) There are two important individuals, who were concerned with issues about socialism in 1920s. On of them was Albert Schaffle, who asked two important questions: “How resources, which are in deficit, will be distributed?” and “Is individual freedom can be existed under socialism?”. Whereas Gustav Cassel asked: “Can we reach the highest level of wealth in socialism?” These 3 were main issues about socialism.
2) This issue is theoretically solved by socialists, like Taylor and Lange. They said that prices can be determined by experiments and error. It worked like this: consumers and producers don’t know how prices are constructed, whereas planners just put market prices and both will agree with these prices. Planner should choose prices, so

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