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Debating the Socialist Calculation Debate: A Classroom Exercise

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Author Info
Zenon X. Zygmont () (Western Oregon University)
Abstract

The author describes a classroom exercise that introduces the Socialist Calculation Debate (SCD) to undergraduate economics students. The SCD concerns an issue that remains one of the most consequential of the 20th century— the belief in the superiority of socialism and central planning over capitalism and the free market. The exercise presents the SCD in an active learning atmosphere by requiring the students to read, interpret, and discuss the writings of three notable participants in the debate—Ludwig von Mises, Oskar Lange, and Friedrich Hayek. He discusses the format and objectives of the exercise, required and optional readings, and current relevance of the SCD.

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Publisher Info
Article provided by Helen Dwight Reid Foundation in its journal The Journal of Economic Education.

Volume (Year): 37 (2006)
Issue (Month): 2 ()
Pages: 229-235
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Handle: RePEc:jee:journl:v:37:y:2006:i:2:p:229-235

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Related research
Keywords: Hayek; Lange; Mises; Socialist Calculation Debate;

Find related papers by JEL classification:
A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
B31 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - Individuals
P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform

References listed on IDEAS
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  1. Roberts, Paul Craig, 1971. "Oskar Lange's Theory of Socialist Planning," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 562-77, May-June. [Downloadable!] (restricted)
  2. Adaman, Fikret & Devine, Pat, 1996. "The Economic Calculation Debate: Lessons for Socialists," Cambridge Journal of Economics, Oxford University Press, vol. 20(5), pages 523-37, September.
  3. Bruce Caldwell, 1997. "Hayek and Socialism," Journal of Economic Literature, American Economic Association, vol. 35(4), pages 1856-1890, December. [Downloadable!] (restricted)
  4. Bardhan, Pranab & Roemer, John E, 1992. "Market Socialism: A Case for Rejuvenation," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 101-16, Summer. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Buda, Rodolphe, 2009. "Learning-Testing Process in Classroom: An Empirical Simulation Model," MPRA Paper 12146, University Library of Munich, Germany. [Downloadable!]
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