User:Harrystein/sandbox/Main Page/dyk

From Leftypedia
Jump to navigation Jump to search

  • The Soviet mathematical school founded by Kantorovich and the Austrian school exemplified by Mises and Hayek took radically different positions on the feasibility of socialist economic calculation. To a large extent they ignored one another.
  • The Austrian school largely concentrated on criticising Western trained socialist economists like Lange and the Soviet school appears to have ignored Mises completely. Even when the key participants met, the issue was not raised.
  • With the political demise of the USSR, the Austrian school have tended to assume that Mises arguments have been vindicated, but theoretical economic arguments are not finally resolved by politics. Political fashions change. So- cialism, from being politically unpopular in Europe the 1990s, has, since then, been making substantial inroads on another continent. No, one has to bring economic arguments head to head in their own terms. Kantorovich, an absent participant in the Western debate on socialist calculation, is worth paying attention to.