February 18, 2005

Wikipedia: The Austrian School: The Calculation Debate

Austrian economists developed a sense of themselves as a school distinct from neoclassical economics during the economic calculation debate, with Ludwig von Mises and Friedrich von Hayek representing the Austrian position, where they contended that without monetary prices or private property meaningful economic calculation was impossible. Link Posted by Tim at February 18, 2005 07:01 PM | TrackBack