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Austro-Marxist Conceptions of the Transition from Capitalism to socialism

University of Sussex, Brighton, England

There are two major themes in the Austro-Marxist discussions of the transition to socialism: the socialization of the economy and the slow revolution. The first theme was developed primarily by Hilferding and led to his concept of the "organized economy". The second theme is to be found mainly in the writings of Otto Bauer, where it is expounded as part of his conception of a democratic and peaceful road to socialism. Various problems posed by these ideas, and in particular the changing structure of the working class, are analyzed, in rela tion to the period in which the Austro-Marxists were writing, and to the development of capitalism and socialism since World War II.

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