Fiche du document
- handle: 10670/1.7hqa6f
- hal: hal-01794526
- doi: 10.1628/jite-2018-0003
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1628/jite-2018-0003
Sujets proches
Marxism Communist movements Maoism Leninism Trotskyism BolshevismCiter ce document
Etienne Farvaque et al., « The Grand Experiment of Communism: Discovering the Trade-off between Equality and Efficiency », HAL-SHS : économie et finance, ID : 10.1628/jite-2018-0003
Métriques
Partage / Export
Résumé
This paper examines how the interplay between economic incentives and social preferences transmitted by ideology plays a role in the rise and fall of communism. We introduce inequality-averse and inefficiency-averse agents and model their conflict in ideology, triggered by envy. The socioeconomic dynamics generate a pendulum-like switch from markets to a centrally planned economy abolishing private ownership, and back to restoring market incentives. The grand experiment of communism is thus characterized as leading to the discovery of a trade-off between equality and efficiency. The model also derives conditions under which the two systems converge and become stable.