Calculation and Knowledge

Friedrich Hayek and Ludwig von Mises demonstrated that central planners will be unable to manage an economy rationally due to the problems of dispersed knowledge and the impossibility of economic calculation

This paper has attempted to bridge unresolved differences remaining from the Hayek and Mises “controversy,” which materialized in the early 1990s.

The article is a much needed and long overdue acknowledgement and appreciation of Rothbard’s contributions to the theory, including the calculation debate, and practice of socialism.

Tolerably efficient coordination of human effort is impossible without trade in productive assets (capital markets).  There is no demonstrated, superior alternative to Wall Street and the price system. 

In a recent article Robert P. Murphy (2006) uses Cantor's diagonal argument to prove that market socialism could not function, since it would be impossible for the Central Planning Board 

This paper traces Spencer’s theory of causation through various disciplines, with special emphasis on Spencer’s “scientific&#8221

In this article, Professor Barry Smith presents a series of questions and theories in defense of apriorism.

Volume 12, Number 1 (1996)

It is not possible to examine thoroughly the question of the mathematical treatment of economic problems within the frame of a brief essay.

This paper by Antoin E. Murphy reviews Richard Cantillion’s life and works.

Volume 7, Number 2 (1985)

The Progressive Era and the eighteen-nineties immediately preceding it have probably been the foci of more superior scholarship than any other peri