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Dynamic Efficiency in the Process of Desocialization

In: The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I

Author

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  • Josef Šíma

    (Metropolitan University Prague)

Abstract

The chapter explains the problems of using a narrowly defined concept of efficiency in a hampered market economy. It shows that the concept of dynamic efficiency, as elaborated by Jesús Huerta de Soto in his work, is indispensable in the implementation of any economic reform. It also provides much better guidance on how to properly conduct pro-market reforms in an attempt to desocialize the formerly centrally planned economies of Central and Eastern Europe. Its anchoring in the nexus of private property also makes it possible to link considerations of economic efficiency with considerations of equality. Thus, the concept of dynamic efficiency makes it possible to show that there is no contradiction between the efforts to seek to simultaneously increase efficiency and enhance equality through economic reforms.

Suggested Citation

  • Josef Šíma, 2023. "Dynamic Efficiency in the Process of Desocialization," Springer Books, in: David Howden & Philipp Bagus (ed.), The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, pages 319-326, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-17414-8_25
    DOI: 10.1007/978-3-031-17414-8_25
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