The Socialist Calculation Debate: In Search of a Planned Society

by Jason Kuznicki

Overview

The socialist calculation debate pitted members of the Austrian School of economics and a few others against those who proposed that a nation’s economy could be centrally and mathematically planned. This was a huge undertaking, and it presented many difficulties, but it also promised great rewards. Some facets of the problem might even be soluble with today’s computing technology. Yet the prospect of socialist calculation remains illusory. This paper explains why, with reference to real-world attempts at solving the calculation problem as well as the seminal works of F. A. Hayek and Ludwig von Mises.

Product Details

ISBN-13:	9781939709554
Publisher:	Cato Institute
Publication date:	04/29/2014
Sold by:	Barnes & Noble
Format:	eBook
Pages:	43
File size:	388 KB

About the Author

Jason Kuznicki is a research fellow and editor of Cato Unbound at the Cato Institute.His ongoing interests include censorship, church-state issues, and civil rights in the context of libertarian political theory. He was an Assistant Editor of The Encyclopedia of Libertarianism.