Quarterly Journal of Austrian Economics
Author:
Morgan O. Reynolds
Online Publish Date:
Volume 1, No. 2 (Summer 1998) To decide whether an undertaking is sound we must calculate carefully. —Ludwig von Mises, Socialism The socialist calculation debate has been prolonged, contentious, and often confusing (Vaughn 1980; Yeager 1997). Few issues in economics are more important, yet our understanding remains muddled, judging by the