Markets, Socialism, and Liberty


Various challenges from socialists in the last few decades have caused classical liberal economists to reconsider and reformulate their defenses of the market. This conference studied these debates to provide insights into the workings of the market economy. The readings provided further insight into the causes of the recession at the time of the conference, the road to recovery, and the state of the public dialogue about capitalism and socialism.


Conference Readings

Albert, Michael and Robin Hahnel. “Participatory Planning.” Science and Society 56, no. 1 (Spring 1992): 39-59.

Burczak, Theodore A. Socialism After Hayek. Ann Arbor: The University of Michigan Press, 2006.

Cottrell, Allin and W. P. Cockshott. “Calculation, Complexity, and Planning: The Socialist Calculation Debate Once Again.” Review of Political Economy 5, no. 1 (July 1993): 73-112.

Hayek, F. A. Individualism and Economic Order. Chicago: University of Chicago Press, 1948, 1980.

Horwitz, Steven, “Money, Money Prices, and the Socialist Calculation Debate” In Advances in Austrian Economics, edited by Peter Boettke and David L. Prychitko, 59-77. Bingley: Emerald Group Publishing Limited, 1996.

Lavoie, Don. Rivalry and Central Planning: The Socialist Calculation Debate Reconsidered. New York: Cambridge University Press, 1985.

Mises, Ludwig von, “Economic Calculation in the Socialist Commonwealth” In Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism, edited by F. A. Hayek, 87-116. London: Routledge, 1947.

Prychitko, David. “Marxism and Decentralized Socialism.” Critical Review 2, no. 4 (1988): 127-147.