IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-80148-6_6.html
   My bibliography  Save this book chapter

The Socialist Calculation Debate

In: The Economics of Friedrich Hayek

Author

Listed:
  • G. R. Steele

Abstract

A review of the socialist calculation debate presents an opportunity to set Hayek’s economics within the broad context of economic thought. Hayek is the most prolific, most influential and most successful twentieth-century propagandist for the Austrian School of economics; and he is an unswerving defender of the individual against the collective. The socialist calculation debate permits a clear illustration of each of these fundamentals. On one side the case is presented that a competitive price system is the only means by which the dispersed particular knowledge of all its many participants can be effectively utilised; and on the other side is the idea that a planning board can master that same knowledge, but to a greater advantage.

Suggested Citation

  • G. R. Steele, 2007. "The Socialist Calculation Debate," Palgrave Macmillan Books, in: The Economics of Friedrich Hayek, edition 0, chapter 6, pages 104-124, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-80148-6_6
    DOI: 10.1057/9780230801486_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-80148-6_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.