Economic Calculation in the Socialist Commonwealth, a 1920 essay by Ludwig von Mises later expanded into the 1922 book Socialism, opened the socialist calculation debate. Mises argued that a centrally planned economy with no private property in the means of production has no genuine market in capital goods and so no way to calculate the relative value of alternative uses of resources, making rational economic planning impossible without market prices.
Facts
AuthorLudwig von Mises
Publication Year1920
Source Typeprimary-text
Sources
Economic Calculation in the Socialist Commonwealth
Ludwig von Mises, 1920
Claims Backed By This Source (6 claims)
This source backs 6 claims across the atlas. As facts: 4 well-attested. As cited relationships: 1 holds. Plus 1 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Sources, 4 claims: 4 well-attested.
- Economists, 2 claims: 1 holds, 1 general references.
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.