Hayek & The Socialist Calculation Debate
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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.
Hayek & The Socialist Calculation Debate || Friedrich A. Hayek || Ludwig Von Mises || What is Socialist Calculation Debate? || Critiques of the Socialist Calculation Debate || Knowledge Problem || The impact of Hayek's 1945 paper || Impossibilty of Economic Calculaiton || Authors' View || Questions to Ask || Sources Cited
