The Socialist Calculation Debate

Last update: 21 Apr 2025 21:17
First version: 3 August 2021

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Yet Another Inadequate Placeholder.

See also:
• Duality between Knowledge Centralization and Market Completeness
• Economics
• F. A. von Hayek
• Otto Neurath Planned Economies
• Project Cybersyn
• Socialism, Market Socialism

Recommended:
• Johanna Bockman, Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism
• F. A. von Hayek [Both of these are collected in Individualism and Economic Order]
  • "The Use of Knowledge in Society
  • "Economics and Knowledge"
• Oskar Lange
  • "On the Economic Theory of Socialism: Part One", Review of Economic Studies 4 (1936): 53--71 and "Part Two", Review of Economic Studies 4 (1936): 123--142
  • and Fred M. Taylor (ed. Benjamin E. Lippincott), On the Economic Theory of Socialism [Largely a fix-up of Lange's two-part article]
• John O'Neil, "Knowledge, Planning, and Markets: A Missing Chapter in the Socialist Calculation Debates", Economics and Philosophy 22 (2006): 55--78 [On the exchange between Hayek and Neurath.]
• Joseph Stiglitz, Whither Socialism? [Review by Steve Laniel]

To read:
• Wlodzimierz Brus and Kazimierz Laski, From Marx to the Market: Socialism in Search of an Economic System [1991]
• Theodore A. Burczak, Socialism after Hayek
• Duncan Foley, "Towards a Critical Theory of Socialism: From Vienna to Santa Fe" [Part I, Part II]
• D. W. MacKenzie, "Oskar Lange and the Impossibility of Economic Calculation", Studia Economiczne (Economic Studies) 1--2 (2006): 105--121
• David Ramsay Steele, From Marx to Mises: Post-Capitalist Society and the Challenge of Economic Calculation