The socialist calculation debate: theory, history, and contemporary relevance

For over a generation, the collapse of communism in the Soviet Union and Eastern and Central Europe delegitimized the abolition of private property in the means of production and the practice of central planning as an effective way to achieve the ends of socialism. However, the aspiration of achievi...

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Bibliographic Details
Main Author: Boettke, Peter J.
Other Authors: Candela, Rosolino 1984-, Truitt, Tegan Lindstrom
Format: eBook
Language:English
Published: Cambridge Cambridge University Press 2024
Series:Cambridge elements. Elements in Austrian economics
Links:https://doi.org/10.1017/9781009593649
Summary:For over a generation, the collapse of communism in the Soviet Union and Eastern and Central Europe delegitimized the abolition of private property in the means of production and the practice of central planning as an effective way to achieve the ends of socialism. However, the aspiration of achieving the ends of socialism remains to this day. This Element provides a narrative of a century-long debate that was initiated by Ludwig von Mises in 1920. In so doing, it tells the history of the problem of economic calculation in the socialist commonwealth and its continuing relevance for developments in economics, political economy, and social philosophy.
Physical Description:1 Online-Ressource (84 Seiten)
ISBN:9781009593649
ISSN:2399-651X