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Economic Calculation in the Socialist Society

  • Economic Calculation in the Socialist Society by Trygve J.B. Hoff
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Tags Calculation and Knowledge

06/16/1949Trygve 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.

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References

1949, William Hodge and Company, London, 1949