Theodore Burczak.Socialism after Hayek. RM 9(3):1-18 "Advances a conception of socialism that addresses issues of commutative and distributive justice while also remaining mindful of Friedrich A. Hayek's (1948) incisive criticisms of the economic thought behind traditional forms of socialism. According to Hayek, traditional socialism suffered from a knowledge problem, ie, much of the knowledge guiding individual action necessarily remains tacit and inarticulate and, so, beyond the access of central planners. Here, Hayek's assertion is associated with recent postmodern forms of Marxism. A form of collective appropriation in democratic, worker-controlled firms situated in a private property, market economy is defended on the basis of a labor theory of property, proposed in the context of Hayek's ethical justification for entrepreneurial profit. It is argued that the conception of distributive justice that informs the proposed form of collective appropriation readily counters the knowledge problem identified by Hayek. 32 References. D. M. Smith"