Calculation and chaos
Reply to Caplan
Bibliographic Data
| ID | 7276374 |
|---|---|
| Authors | David Gordon (0000-0002-9557-7405, corresponding author) |
| Year | 2005 |
| Volume | 17 |
| Issue | 1-2 |
| Pages | 171-178 |
| Publication date | 2005-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Critical Review (JOURNAL) |
| Journal identifiers | ISSN: 0891-3811 • E-ISSN: 1933-8007 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/08913810508443634 |
| OpenAlex | W2085859234 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
Ludwig von Mises argued that (1) economic calculation under socialism is impossible, and that (2) the lack of calculation would entail chaos and starvation. In these pages, Bryan Caplan has accepted the first claim but rejected the second, and has argued further that in real‐world attempts to implement socialism, it was the lack of incentives, not the absence of economic calculation, that was responsible for economic chaos. I suggest, against Caplan's interpretation, that by "chaos" Mises meant the lack of calculation, rather than some further state of affairs entailed by this lack. So interpreted, Mises's argument escapes the brunt of Caplan's criticisms
Argument (complex analysis · CHAOS (operating system · Economics · Epistemology · Interpretation (philosophy · Neoclassical economics · Political science · Politics · Positive economics · Socialism · Sociology · State (computer science · Computer Science · Economic Theory and Institutions · Law · Mathematics · Philosophy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 2005 - 2005 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |