Hayek & The Socialist Calculation Debate

THE SOCIALIST CALCULATION DEBATE

The Socialist Calculation Debate, also known as the Planning Debates, emerged at the end of the 19th Century. Many schools of thought (socialism, Marxism, laissez-faire) argued that free markets had failed and that a government with control over the means of production and distribution could allocate goods in a more efficient manner.

---

Friedrich A. Hayek | | What is Socialist Calculation Debate? || Critiques of the Socialist Calculation Debate || Advocates for the Socialist Calculation Debate || Knowledge Problem || Questions to Ask