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Rivalry and Central Planning

From kwharrison13.com · Anti-library
Rivalry and Central Planning
Full titleRivalry and Central Planning: The Socialist Calculation Debate Reconsidered
AuthorDon Lavoie
Published1985
Pages208
RecommendedOnce
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Why it’s on the listDon Lavoie’s reconstruction of the interwar socialist calculation debate, arguing that the Austrian objection was never about computational difficulty but about knowledge: prices are the output of rivalrous competition, so a planner cannot be handed the data because the data does not exist until the rivalry generates it.

Rivalry and Central Planning

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Lavoie’s target is the standard account — that Lange and Lerner answered Mises and Hayek, and the planners won on the mathematics — which he argues misreads what the objection actually was.

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