Planning and know-how: the relationship between knowledge and calculation in Hayek's case for markets

Greenwood, D. 2007. Planning and know-how: the relationship between knowledge and calculation in Hayek's case for markets. Review of Political Economy. 19 (3), pp. 419-434.

TitlePlanning and know-how: the relationship between knowledge and calculation in Hayek's case for markets
AuthorsGreenwood, D.
Abstract

Ludwig von Mises' calculation argument against socialism is of fundamental importance to the modern-day case for the market. Yet it is to Hayek that some Austrian-influenced theorists turn when responding to the computational models for non-market price fixing proposed by some socialists. Their reading of Hayek's epistemological argument for markets as distinct from Mises' calculation argument needs to be questioned. Hayek's emphasis upon the dispersal of knowledge across space and time is consistent with Mises' position. In spite of his philosophical critique of rationalist constructivism and his treatment of tacit knowledge, Hayek's case for the market ultimately relies upon the Misean calculation argument. Hayek's work is therefore best understood as a shift in emphasis rather than as a philosophical departure from Mises' position.

JournalReview of Political Economy
Journal citation19 (3), pp. 419-434
ISSN0953-8259
YearJul 2007
PublisherTaylor & Francis
FileGreenwood_2007_final_author.pdf
Digital Object Identifier (DOI)doi:10.1080/09538250701453113
Publication dates
PublishedJul 2007

Related outputs

Evaluating coordination and learning within governance: open epistemological issues
Greenwood, D. 2018. Evaluating coordination and learning within governance: open epistemological issues. in: Dotti, N.F. (ed.) Knowledge, Policymaking and Learning for European Cities and Regions: From Research to Practice Cheltenham Edward Elgar.

Streamlining or watering down? Assessing the 'smartness' of policy and standards for the promotion of low and zero carbon homes in England 2010-15
Greenwood, D., Congreve, A. and King, M. 2017. Streamlining or watering down? Assessing the 'smartness' of policy and standards for the promotion of low and zero carbon homes in England 2010-15. Energy Policy. 110, pp. 490-499.

Governance, Coordination and Evaluation: the case for an epistemological focus and a return to C.E. Lindblom
Greenwood, D. 2016. Governance, Coordination and Evaluation: the case for an epistemological focus and a return to C.E. Lindblom. Political Research Quarterly. 69 (1), pp. 30-42.

In search of green political economy: steering markets, innovation and the case of the zero carbon homes agenda in England
Greenwood, D. 2015. In search of green political economy: steering markets, innovation and the case of the zero carbon homes agenda in England. Environmental Politics. 24 (3), pp. 423-441.

The challenge of policy coordination for sustainable sociotechnical transitions: the case of the zero-carbon homes agenda in England
Greenwood, D. 2012. The challenge of policy coordination for sustainable sociotechnical transitions: the case of the zero-carbon homes agenda in England. Environment and Planning C: Government and Policy. 30 (1), pp. 162-179.

The problem of coordination in politics: what critics of neoliberalism might draw from its advocates
Greenwood, D. 2011. The problem of coordination in politics: what critics of neoliberalism might draw from its advocates. Polity. 43 (1), pp. 36-57.

Facing complexity: democracy, expertise and the discovery process
Greenwood, D. 2010. Facing complexity: democracy, expertise and the discovery process. Political Studies. 58 (4), pp. 769-788.

Markets, large projects and sustainable development: traditional and new planning in the Thames Gateway
Greenwood, D. and Newman, P. 2010. Markets, large projects and sustainable development: traditional and new planning in the Thames Gateway. Urban Studies. 47 (1), pp. 105-119.

From market to non-market: an autonomous agent approach to central planning
Greenwood, D. 2009. From market to non-market: an autonomous agent approach to central planning. in: Bullock, S., Noble, J., Watson, R. and Bedau, M.A. (ed.) Artificial Life XI: Proceedings of the Eleventh International Conference on the Simulation and Synthesis of Living Systems Cambridge, MA MIT Press.

Non-market coordination: towards an ecological response to Austrian economics
Greenwood, D. 2008. Non-market coordination: towards an ecological response to Austrian economics. Environmental Values. 17 (4), pp. 521-541.

From market to non-market: an autonomous agent approach to central planning
Greenwood, D. 2007. From market to non-market: an autonomous agent approach to central planning. Knowledge Engineering Review. 22 (4), pp. 349-360.

The halfway house: democracy, complexity, and the limits to markets in green political economy
Greenwood, D. 2007. The halfway house: democracy, complexity, and the limits to markets in green political economy. Environmental Politics. 16 (1), pp. 73-91.

Commensurability and beyond: from Mises and Neurath to the future of the socialist calculation debate
Greenwood, D. 2006. Commensurability and beyond: from Mises and Neurath to the future of the socialist calculation debate. Economy and Society. 35 (1), pp. 65-90.

Permalink - https://westminsterresearch.westminster.ac.uk/item/91q4w/planning-and-know-how-the-relationship-between-knowledge-and-calculation-in-hayek-s-case-for-markets


Share this
Tweet
Email