Quarterly Journal of Austrian Economics
Author:
Reinhard Stiebler
Online Publish Date:
Volume 2, No. 4 (Winter 1999) The particular force of Thier’s argument lies in the refutation of economic calculation under socialism not only on grounds of practicability, but of a theoretical reasoning about the role of property and thus the role of the market and prices for the allocation of goods. Thier’s argument can be interpreted