The Economic Calculation Debate
This conference explored one of the central debates of the twentieth century: the debate over economic calculation. This conference focused on the nature, reach, and implications of the arguments in support of the superiority of a market economy over a planned economy in that regard.
From Liberty Fund
By Ludwig von Mises
Translated by J. Kahane
Foreword by F. A. Hayek
More than thirty years ago F. A. Hayek said of Socialism: “It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. . . . To none of us young men who read the…
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