@article{LambertFegleyCandelaetal.2023, author = {Lambert, Karras and Fegley, Tate and Candela, Rosolino and Boettke, Peter and Phelan, Steven and Wenzel, Nikolai G. and Dapprich, Jan Philipp}, title = {Reply and Counter-Reply}, series = {Journal of economic behavior \& organization}, journal = {Journal of economic behavior \& organization}, number = {212}, publisher = {Elsevier}, address = {Amsterdam}, issn = {0167-2681}, doi = {10.1016/j.jebo.2023.03.026}, pages = {300 -- 310}, year = {2023}, language = {en} } @article{DapprichCockshott2023, author = {Dapprich, Jan Philipp and Cockshott, William Paul}, title = {Input-output planning and information}, series = {Journal of Economic Behavior \& Organization}, journal = {Journal of Economic Behavior \& Organization}, number = {205}, publisher = {Elsevier}, address = {Amsterdam}, issn = {0167-2681}, doi = {10.1016/j.jebo.2022.10.043}, pages = {412 -- 422}, year = {2023}, abstract = {In this paper, we show how socialist planning can be based on input-output data. We argue that the information required for this can be obtained by a central planning agency and thus dismiss Hayek's information argument against socialism. We further show how economic planning can be made responsive to consumer demand through a feedback control mechanism. Output targets of products would be adjusted in response to observed consumer demand or based on predictions about future demand. Planners can use machine learning to make more accurate forecasts. The valuation of goods plays an important role in the feedback control mechanism. The values of goods can either be measured by the labour time necessary for their production (labour values) or through shadow prices based on linear programming.}, language = {en} } @article{Dapprich2022, author = {Dapprich, Jan Philipp}, title = {Tokens make the world go round}, series = {Review of Evolutionary Political Economy}, journal = {Review of Evolutionary Political Economy}, publisher = {Springer}, address = {Cham}, doi = {10.1007/s43253-022-00091-6}, year = {2022}, abstract = {The paper argues that non-circulating tokens should be used as an alternative to money in a socialist economy. These tokens would be used to distribute consumer products out of socialised production to individual consumers. Like modern fiat money, these tokens are a kind of IOU. But unlike money, these tokens are not intended to facilitate the private exchange of commodities. Marx's proposal to eventually abolish a token-based lower phase of communism in favour of a distinct higher phase is rejected because the 'needs principle' of the higher phase can be sufficiently realised within the token system. It is further shown that the prices of items should not be tied to the socially necessary labour time needed to produce them. Instead, prices should be regulated towards market clearing rates.}, language = {en} }