Economic Calculation in the Socialist Commonwealth

Cover of the English 1990 edition of "Economic Calculation in the Socialist Commonwealth"

Economic Calculation in the Socialist Commonwealth is an article by Austrian School economist Ludwig von Mises. Its critique against economic calculation in a centrally planned economy triggered the decades-long economic calculation debate.[1][2]

The article was first published 1920 in German under the title Die Wirtschaftsrechnung im sozialistischen Gemeinwesen[3] and based on a lecture Mises gave in 1919 as a response to a book by Otto Neurath, arguing for the feasibility of central planning.[3] Two years later, the essay was incorporated into Mises's book Socialism: An Economic and Sociological Analysis.

  1. ^ Hacohen, Malachi Haim (2002). Karl Popper – The Formative Years, 1902-1945: Politics and Philosophy in Interwar Vienna (reprint ed.). Cambridge University Press. p. 477. ISBN 978-0-521-89055-7.
  2. ^ "Economic Calculation in the Socialist Commonwealth". Mises Institute. Retrieved 27 April 2010.
  3. ^ a b Huerta de Soto, Jesús (2010). Socialism, Economic Calculation and Entrepreneurship. Edward Elgar Publishing. pp. 103–104. ISBN 978-1-84980-065-5.