Abstract

This document is the Accepted Manuscript version of the following article: Geoffrey M. Hodgson, ‘ Some limitations of the Socialist Calculation Debate’, Schmollers Jahrbuch, Vol. 136 (1): 33-57, March 2016. The Version of Record is available online at DOI: https://doi.org/10.3790/schm.136.1.33. Published by Duncker & Humblot.

Highlights

  • K of the controversy, Hayek criticized neoclassical economists, such as Oskar R

  • What can be added here? First, the historical account is incomplete unless the ubiquitous omission of the earlier critique of socialism by the German historical school economist Albert Schäffle is included

  • Were adequate notions of property and exchange absent from the general equilibrium theory used by the socialists in their attempted justifications of planning, but they were threadbare on the Austrian side

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Summary

Research Archive

Hodgson, ‘ Some limitations of the Socialist Calculation Debate’, Schmollers Jahrbuch, Vol 136 (1): 33-57, March 2016. Document Version: This is the Accepted Manuscript version. The version in the University of Hertfordshire Research Archive may differ from the final published version. Users should always cite the published version of record.

The contributions of von Mises and Hayek
But both sides neglected law and the state
Crucial institutions spanning the individual and the state
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