Quarterly Journal of Austrian Economics
Author:
Jeffrey M. Herbener
David J. Rapp
Online Publish Date:
Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 3–28 ABSTRACT : Ludwig von Mises developed the theory of economic calculation in the context of his argument that the central planning of socialism cannot make economizing decisions concerning the use of resources in a division of labor economy. Focus on the problem of allocating