Theodore A. Burczak (born August 15, 1964) is an American

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

and a professor of economics at

Denison University Denison University is a private liberal arts college in Granville, Ohio. One of the earliest colleges established in the former Northwest Territory, Denison University was founded in 1831. The college was first called the Granville Literary and ...

Granville, Ohio Granville is a village in Licking County, Ohio, United States. The population was 5,646 at the 2010 census. The village is located in a rural area of rolling hills in central Ohio. It is east of Columbus, the state capital, and west of Newar ...

, where he teaches courses on macroeconomics, economic justice,

monetary theory Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it ...

, and the history of economic thought. He is best known for his development of a socialist economic model designed to bypass the

dispersed knowledge Dispersed knowledge in economics is the notion that no single agent has information as to all of the factors which influence prices and production throughout the system. The term has been both expanded upon and popularized by American economist Th ...

problems elaborated on by

Friedrich Hayek Friedrich August von Hayek ( , ; 8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian–British economist, legal theorist and philosopher who is best known for his defense of classical liberalism. Haye ...

as facets of the

economic calculation problem The economic calculation problem (sometimes abbreviated ECP) is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Eco ...

, writing in his book ''Socialism After Hayek (Advances in Heterodox Economics)'', "my aim...is developing a '

libertarian Marxist Libertarian socialism, also known by various other names, is a left-wing,Diemer, Ulli (1997)"What Is Libertarian Socialism?" The Anarchist Library. Retrieved 4 August 2019. anti-authoritarian, anti-statist and libertarianLong, Roderick T. (20 ...

' conception of socialism, a socialism committed to forms of procedural and distributive justice that are central to the Marxian tradition and a socialism keenly aware of the factual and ethical knowledge problems emphasized by Hayek."

External links

''Socialism After Hayek''

References

1964 births Living people 21st-century American economists Denison University faculty {{US-economist-stub