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  1. Knowledge, ignorance, and the limits of the price system: Reply to Friedman.Greg Hill - 2006 - Critical Review: A Journal of Politics and Society 18 (4):399-410.
    In “Popper, Weber, and Hayek: The Epistemology and Politics of Ignorance,” Jeffrey Friedman argues that markets are superior to democratic institutions because the price system doesn't require people to make the kind of difficult counterfactual judgments that are necessary in order to evaluate public‐policy alternatives. I contend that real‐world markets require us to make all kinds of difficult counterfactual judgments, that the nature of these judgments limits the effectiveness of the price system in coordinating our activities, and that the market (...)
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  • Otto Neurath and Ludwig von Mises – The Socialist Calculation Debates and Beyond.Alexander Linsbichler - 2015 - In Burçin Ercan (ed.), Interactions in the History of Philosophy II. Delta Publishing House. pp. 311-324.
    In the first part of this paper I review the two most recent biographies on Otto Neurath and Ludwig von Mises as well as the scarce literature on the relations between their lives and ideas. Recent publications by Nemeth, O’Neill, and Uebel reflect growing interest in the connections between these two main proponents of Logical Empiricism and the Austrian School of Economics respectively, but are mainly focused on the so-called socialist calculation debates. In the second part I propose that additional (...)
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  • Toward a new consensus on the economics of socialism: Rejoinder to my critics.Bryan Caplan - 2005 - Critical Review: A Journal of Politics and Society 17 (1-2):203-220.
    Abstract This has been an unusually productive exchange. My critics largely accept my main theoretical claims about economic calculation and socialism. They have also started to do what advocates of the Misesian view should have been doing for decades: offer empirical evidence that that the calculation problem is serious. While I continue to believe that incentive problems explain most of the failures of socialism, I am slightly less confident than I was before. Fortunately, there are many unexploited sources of information (...)
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  • Incentives vs. knowledge: Reply to Caplan.Rodolfo A. Gonzalez & Edward Stringham - 2005 - Critical Review: A Journal of Politics and Society 17 (1-2):179-202.
    In the 1920s, Ludwig von Mises argued correctly that the problem of making economic calculations without market‐generated prices would be an insuperable difficulty for socialist systems of production. Bryan Caplan is right to argue that there is no theoretical way to infer the magnitude of this difficulty, but he is wrong to insist that the history of poor economic performance displayed by real‐world socialism should be attributed not to the “socialist calculation problem,” but to inadequate work incentives. A state that (...)
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