Socialist Calculation II:

The State of the Debate

  • Friedrich August von Hayek
Keywords: Economic theory, History of economic thought, The socialist calculation problem, Alternative socialist systems, Competition

Abstract

In this second article on the problem of socialist calculation, the author analyzes alternative socialist proposals which participated in the discussions on the subject. Particularly, the author presents and discusses the proposals to abolish private property and mantain the state ownership of the means of production, while preserving competition. It is concluded that preserving competition in a socialist framework necessarily leads to waste and meaningful losses in productivity.

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Published
2016-06-01
How to Cite
1.
Hayek FA von. Socialist Calculation II:: The State of the Debate. MisesJournal [Internet]. 2016Jun.1 [cited 2020Aug.11];4(1):83-103. Available from: https://misesjournal.org.br/misesjournal/article/view/823
Section
Economics, Methodology and Praxiology