| Sumario: | Theodore Burczak's book, Socialism after Hayek, is one of the latest proposals for market socialism. Burczak takes F.A. Hayek's objections to central planning quite seriously, offering a "libertarian Marxist" critique of capitalism based upon Hayek's "postmodern" economics. However, Burczak's argument is wanting. First, his interpretation of Hayek's works is not uncontroversial, thus leading to questionable critiques of capitalism, liberalism, and Hayek. Second, his treatment of the major proposals - stakeholder grants and the abolition of wage labor - fails to take into account the full thrust of Hayekian objections. Last, Burczak's argument unravels on what appears to be a major contradictory note.
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