The Socialist Calculation Debate : Theory, History, and Contemporary Relevance
Book Details
Format
Paperback / Softback
Book Series
Elements in Austrian Economics
ISBN-10
1009593633
ISBN-13
9781009593632
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 19th, 2024
Print length
94 Pages
Weight
154 grams
Dimensions
15.20 x 22.90 x 0.80 cms
Product Classification:
Economics
Ksh 3,250.00
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The collapse of communism in the Soviet Union and Eastern Europe delegitimized private property and central planning for socialism. However, the aspiration of achieving socialism's ends remains. This Element recounts Ludwig von Mises' century-long debate on economic calculation in the socialist commonwealth.
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.
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