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The equations of mathematical economics and the problem of economic calculation in a socialist state

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The Quarterly Journal of Austrian Economics

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References

  • Barone, Enrico. 1908. “The Ministry of Production in the Collectivist State.” Reprinted in Hayek (1935).

  • Hayek, F.A. 1935. Collectivist Economic Planning. London: Routledge and Kegan Paul.

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  • Mises, Ludwig von. 1933. Grundprobleme der Nationalökonomie. Jena. Translated as Epistemological Problems of Economics. George Reisman, trans. New York: New York University Press [1976].

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  • Pareto, Vilfredo. 1927. Manuel d’économie politique. 2nd Ed. Paris.

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Additional information

Editor’s Note: Ludwig von Mises published a French language version of this paper, translated from German by Gaston Leduc, in Revue d’économie politique in 1938 (97, no. 6:899–906). Mises himself wrote this English language version which was previously unpublished. In this article, he discusses the different elements of the case against using mathematical equations to solve the problem of economic calculation in socialism that were advanced by himself and F.A. Hayek. The editor would like to thank Grove City College for access to this manuscript and permission to publish it.

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von Mises, L. The equations of mathematical economics and the problem of economic calculation in a socialist state. Quart J Austrian Econ 3, 27–32 (2000). https://doi.org/10.1007/s12113-000-1008-2

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  • DOI: https://doi.org/10.1007/s12113-000-1008-2

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