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Socialist calculation debate

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The socialist calculation debate, sometimes known as the economic calculation debate, was a discourse on the subject of how a socialist economy would perform economic calculation given the absence of the law of value, money, financial prices for capital goods and private ownership of the means of production. More specifically, the debate was centered on the application of economic planning for the allocation of the means of production as a substitute for capital markets and whether or not such an arrangement would be superior to capitalism in terms of efficiency and productivity.

Socialist calculation debate - Wikipedia Jump to content From Wikipedia, the free encyclopedia Discourse on the applicability of central planning without capital markets Part of a series on Socialism History Outline Development French Revolution Revolutions of 1848 Socialist calculation debate Socialist economics Ideas Calculation in kind Cooperative Critique of political economy Economic democracy Economic planning Equal liberty Equal opportunity Free association Industrial democracy Internationalism Labour-time calculation Labour voucher Production for use Sharing economy Social dividend Soc

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