Polity Atlas
Book

Rivalry and Central Planning: The Socialist Calculation Debate Reconsidered

Don Lavoie · Cambridge University Press · 1985

Type
Book
Author
Don Lavoie

Claims citing this source

1 claims
EstablishedMises (1920) argued that without private ownership of and market prices for the means of production, a socialist economy could not calculate costs rationally; Lange (1936–37) replied that a planning board could reach equilibrium prices by trial and error.