The Austrian Dehomogenization Debate, or the Possibility of a Hayekian Planner
AbstractThe aim of this paper is to explore the implications of the debate on the dehomogenization of Hayek and Mises. The Misesian thesis about the vulnerability of the Hayekian argument prevails, and that its implications have thus far not been fully appreciated. These implications consist, on the one hand, of the correct integration of the proto-Hayekian bases of economic calculation into labor time accounting socialism and, on the other, of the possibility of successfully integrating appraisement into a Hayekian market socialism through a break with the unified control of the factors of production. Our contribution will consist of providing a more comprehensive exploration of these implications.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Review of Political Economy.
Volume (Year): 24 (2012)
Issue (Month): 2 (April)
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Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=102233
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- Local knowledge problem in Wikipedia (English)
- Economic calculation problem in Wikipedia (English)
- Cálculo económico in Wikipedia (Spanish)
- Escuela austríaca in Wikipedia (Spanish)
- Market socialism in Wikipedia (English)
- Austrian School in Wikipedia (English)
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