Calculation and Knowledge

From The Review of Austrian Economics Vol. 2, 1988.

Professor Salerno gives a systematic exposition of Mises's thinking about society and social evolution.

From The Review of Austrian Economics Vol. 9, No. 1, 1996.

Murray N. Rothbard Breaking Out of the Walrasian Box: The Cases of Schumpeter and Hansen Acrobat 3.0 Import Plug-in

Walter Block Environmentalism and Economic Freedom Acrobat Distiller 3.0 for Windows

Lecture to the memory of Alfred Nobel, December 11, 1974.

Modern monetary systems operate on the ability to turn debt into money.

Recorded at Mises University 2004.

The debate still continues. It is all about Mises’ initial article and then book on Socialism in 1922. He demonstrated the necessity of the price system and showed how subjective values were transformed into objective prices which could be used as meaningful cardinal numbers in economic calculation.

Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.