Reply To: Rothbard and Hayek

Home Forums Discuss Austrian Economics, Step by Step Rothbard and Hayek Reply To: Rothbard and Hayek

#17030
jmherbener
Moderator

It may be more accurate to say that Hayek thought Mises misunderstood the reason why central planners can’t calculate in socialism. Peter Klein, an expert on Hayek, makes some relevant comments in this article:

http://mises.org/page/1454/Biography-of-F-A-Hayek-18991992

Here is Mises on Hayek’s contribution to the economic calculation debate:

http://mises.org/journals/qjae/pdf/qjae3_1_2.pdf