Economic Calculation in the Socialist Society

In This Review

Economic Calculation in the Socialist Society

By T. J. B. Hoff
Hodge, 1949
264 pp. $21.00
Purchase

A balanced and competent discussion, originally published in Norwegian in 1938, of the controversy set off by the studies of such economists as Barone, Von Mises, Hayek, Robbins and Lange. The author is of the view that "in practice economic calculation is impossible in a Socialist society whose aim is the maximum exploitation of existing resources in order to satisfy the needs of the community."