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Home | Blog | March and Simon (1958): Early Calculation Debate Revisionists

March and Simon (1958): Early Calculation Debate Revisionists

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Tags Austrian Economics OverviewPolitical Theory

03/28/2007

Nicolai Foss notes at Organizations and Markets that James March and Herbert Simon, in their 1958 book Organizations, were among the first social scientists outside the Austrian school to recognize that Mises and Hayek did not lose the socialist calculation debate.

Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University's Hankamer School of Business.

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