Socialist Calculation I:
The Nature and History of the Problem
Keywords:Economic theory, History of economic thought, The socialist calculation problem, Price system, Free competition
In this article, the author adresses, under a historical and analytical perspective, the main constitutive elements and the evolution of the discussions regarding the problem of the economic calculation in a socialist community. After a careful conceptual clarification, the author proceeds to present the main Austrian argument that rational economic calculation is possible only in a situation in which the price system, for all economics goods and factors of production, works in an environment of free competition.
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