Is socialism really “impossible”?

@article{Caplan2004IsSR,
  title={Is socialism really “impossible”?},
  author={B. Caplan},
  journal={Critical Review},
  year={2004},
  volume={16},
  pages={33 - 52}
}
  • B. Caplan
  • Published 2004
  • Economics
  • Critical Review
  • Abstract In the 1920s, Austrian‐school economists began to argue that in a fully socialized economy, free of competitively generated prices, central planners would have no way to calculate which methods of production would be the most economical. They claimed that this “economic calculation problem” showed that socialism is “impossible.” Although many believe that the Austrian position was later vindicated by the collapse of the Soviet bloc, the Austrian school's own methodology disallows such… CONTINUE READING
    22 Citations
    Calculation and chaos: Reply to Caplan
    • 1
    • Highly Influenced
    Incentives vs. knowledge: Reply to Caplan
    • 4
    • Highly Influenced
    Toward a new consensus on the economics of socialism: Rejoinder to my critics
    • 1
    • Highly Influenced
    • PDF
    MISES' CALCULATION ARGUMENT: A CLARIFICATION
    Capitalism, Socialism and Calculation

    References

    SHOWING 1-10 OF 30 REFERENCES
    Hayek and Socialism
    • 155
    • PDF
    Human Action: A Treatise on Economics
    • 1,916
    • Highly Influential
    Socialism: An Economic and Sociological Analysis
    • 527
    • PDF
    Calculation and Coordination: Essays on Socialism and Transitional Political Economy
    • 150
    Mises and hayek dehomogenized
    • 157
    • PDF
    Russia under the Bolshevik Regime
    • 135
    • PDF
    The Harvest of Sorrow: Soviet Collectivization and the Terror-Famine
    • 255
    • PDF