Economic Calculation in the Socialist Society

Trygve J.B. Hoff

First published in Norwegian in 1938, the English translation of Hoff’s work didn’t appear until 1949, and was not widely available. As a survey of the debate on socialist calculation, and a defense of the pure Mises-Hayek position, this work deserves more attention than it has received. He covers a myriad of objections to the idea that by socializing the means of production, government wrecks the ability to calculate. He also addresses still-common criticisms of the capitalist production process.

Economic Calculation in the Socialist Society by Trygve J.B. Hoff
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1949, William Hodge and Company, London, 1949