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Debating the Socialist Calculation Debate: A Classroom Exercise

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  • Zenon X. Zygmont

Abstract

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.

Suggested Citation

  • Zenon X. Zygmont, 2006. "Debating the Socialist Calculation Debate: A Classroom Exercise," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(2), pages 229-235, April.
    • Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:229-235
    DOI: 10.3200/JECE.37.2.229-235
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    Cited by:

    1. James R. Bruehler & Linda S. Ghent & Alan P. Grant, 2019. "Incentives and Economic Systems: A Classroom Exercise," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 34(Winter 20), pages 99-114.
    2. Buda, Rodolphe, 2009. "Learning-Testing Process in Classroom: An Empirical Simulation Model," MPRA Paper 12146, University Library of Munich, Germany.

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