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The Socialist Calculation Debates

In: Reinventing Liberalism

Author

Listed:
  • Ola Innset

    (National Library of Norway)

Abstract

Innset provides a reading of the socialist calculation controversy, including both the German language debates centred in ViennaVienna and the English language debates between Hayek[aut]Hayek, Friedrich and the market socialists. The calculation debates were the touchstone for the political and intellectual project of neoliberalism, and this shows that neoliberalism was based on a rejection of socialismSocialism grounded in arguments concerning the functioning of a modern economy. Innset argues that since socialism was a theory of modernityModernity , neoliberals had to provide their own counter project for how a modern society could function. In Hayek’s “knowledge argumentKnowledge argument, the ” lay the foundations for a theory of markets as mediators of modernity.

Suggested Citation

  • Ola Innset, 2020. "The Socialist Calculation Debates," Springer Studies in the History of Economic Thought, in: Reinventing Liberalism, chapter 0, pages 19-38, Springer.
  • Handle: RePEc:spr:spshcp:978-3-030-38885-0_2
    DOI: 10.1007/978-3-030-38885-0_2
    as

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