To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.

Fred M. Taylor

From Wikipedia, the free encyclopedia

Taylor from the 1902 Michiganensian
Taylor from the 1902 Michiganensian

Fred Manville Taylor (July 11, 1855, Northville, Michigan – August 7, 1932) was a U.S. economist and educator best known for his contribution to the theory of market socialism. He taught mostly history at Albion College from 1879 to 1892. He taught in the department of economics at University of Michigan from 1892 to 1929 after receiving his Ph.D. in political philosophy there in 1888. His Principles of Economics (1911) went through 9 editions.[1] Of a libertarian ideology, he was noted as a clear and rigorous expositor of economic theory in the partial-equilibrium lineage of Alfred Marshall.[2]

In his American Economic Association presidential address, Taylor (1929) laid out the conditions under which a socialist economy could in theory achieve an efficient allocation of resources. The conditions parallel those of a private-enterprise economy. They include the state providing money income to its citizens, citizens using their income as they choose to buy output produced by state enterprises, and the state setting prices equal to marginal cost so as to compensate factors of production, including labor, with prices set by trial-and-error to clear markets.[3] In this, Taylor stated principles of market socialism developed by Abba Lerner and Oscar Lange in the following decade and anticipated in mathematical form by Enrico Barone in 1908.[4][5]


  1. ^ *F.M. Taylor ([1911] 1925, 9th ed.). Principles of Economics. Chapter-preview links (1921, 8th ed.).
  2. ^ Daniel R. Fusfeld (1987). "Taylor, Fred Manville" The New Palgrave: A Dictionary of Economics, v. 4, pp. 611–12.
  3. ^ Fred M. Taylor (1929). "The Guidance of Production in a Socialist State," American Economic Review, 19(1), p p. 1-8, reprinted in On the Economic Theory of Socialism (1938) and Socialism and the Market: The Socialist Calculation Debate Revisited (2000), p p. 1-8.
  4. ^ Clark Dickinson, Z. (1960). "Fred M. Taylor's Views on Socialism". Economica. 27 (105): 42–52. doi:10.2307/2551426. JSTOR 2551426.
  5. ^ M. H. I. Dore and M. C. Kaser (1984). "The Millions of Equations Debate: Seventy Years after Barone, Atlantic Economic Journal, p p. 30-44.


External links

This page was last edited on 14 August 2019, at 18:32
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.