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Book Synopsis
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.

The Socialist Calculation Debate

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    A Paperback by Peter Boettke

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      View other formats and editions of The Socialist Calculation Debate by Peter Boettke

      Publisher: Cambridge University Press
      Publication Date: 12/19/2024
      ISBN13: 9781009593632, 978-1009593632
      ISBN10: 1009593633
      Also in:
      Economic theory and philosophy

      Description

      Book Synopsis
      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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