The Socialist Calculation Debates

Ola Innset ()
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Ola Innset: National Library of Norway

Chapter Chapter 2 in Reinventing Liberalism, 2020, pp 19-38 from Springer

Abstract: 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.

Keywords: Socialist calculation debates; Neoliberalism; Socialism; Modernity; Markets (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spshcp:978-3-030-38885-0_2

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DOI: 10.1007/978-3-030-38885-0_2

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