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Socialization Concepts of Non-socialist Economists in Austria: Karl Pribram, Gustav Stolper, Joseph Schumpeter

In: The First Socialization Debate (1918) and Early Efforts Towards Socialization

Author

Listed:
  • Günther Chaloupek

    (Austrian Chamber of Labour (Retired))

Abstract

When the socialization debate started towards the end of World War I, Social democrats were not well prepared for putting forward concrete and workable proposals for such changes, because Marx and Engels had displayed a strong distaste for blueprints of a socialist economy. Hence, most concrete proposals how to proceed with socialization came from non-Marxist socialists or even bourgeois authors. The contribution discusses socialization concepts of Karl Pribram, Gustav Stolper and Joseph Schumpeter. When the debate expired in the 1920s, the former dissociated themselves from their positive attitudes towards socialization. Schumpeter, who served as Austria’s finance minister in 1919, had a very differentiated, if not ambiguous position towards socialization measures, which he held feasible under certain circumstances. His book Capitalism, Socialism and Democracy shows a remarkable continuity of his political thinking.

Suggested Citation

  • Günther Chaloupek, 2019. "Socialization Concepts of Non-socialist Economists in Austria: Karl Pribram, Gustav Stolper, Joseph Schumpeter," The European Heritage in Economics and the Social Sciences, in: Jürgen Backhaus & Günther Chaloupek & Hans A. Frambach (ed.), The First Socialization Debate (1918) and Early Efforts Towards Socialization, pages 99-110, Springer.
    • Handle: RePEc:spr:euhchp:978-3-030-15024-2_8
    DOI: 10.1007/978-3-030-15024-2_8
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