Reply To: Was the Economic Calculation problem ever debunked?


I suggest you read Mises’s article from 1920 and see for yourself if McMullen characterizes Mises’s argument correctly.

Then, for a more scholarly treatment of the back-and-forth of the economic calculation debate in the 1930s, I suggest you read Joe Salerno’s epilogue to Mises’s article.

Here is the article by Robert Heilbroner, who was sympathetic to socialism, in which he conceded that Mises was right: