by Lawrence M. Vance
In 1920, Ludwig von Mises wrote a comprehensive critique of the economics of socialism that launched the "calculation debate." The significance of his seminal essay, "Economic Calculation in the Socialist Commonwealth," as Mises Institute Senior Fellow Joseph Salerno writes in a postscript, is that it "extends far beyond its devastating demonstration of the impossibility of
In 1920, Ludwig von Mises wrote a comprehensive critique of the economics of socialism that launched the "calculation debate." The significance of his seminal essay, "Economic Calculation in the Socialist Commonwealth," as Mises Institute Senior Fellow Joseph Salerno writes in a postscript, is that it "extends far beyond its devastating demonstration of the impossibility of
