Cybersocialism and the future of the socialist calculation debate : WestminsterResearch

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Title	Cybersocialism and the future of the socialist calculation debate
Type	Journal article
Authors	Dapprich, J.P. and Greenwood, D.
Abstract	In the long running debate about the desirability and feasibility of a planned socialist economy, Austrian economists proclaim victory. Drawing from Mises and Hayek, they stress that the problem of deciding the most economic methods for producing goods and services is not simply, as some early socialist responses suggested, a ‘computational’ one but is rather epistemological. Hence, they reject recent ‘cybersocialist’ claims that developments in computational technology offer potential for addressing the ‘socialist calculation problem’ famously formulated by Mises, long before the advent of computer technology. Yet this theoretical claim by Austrians hinges more than is recognised upon the capacity of rapidly evolving computational technologies and their potential applications. We highlight the need to re-appraise Austrian conclusions, attending closely to the distinction offered by Mises between supply and demand-side calculation. Recent cyber-socialist proposals should be viewed as opening up several different avenues of research relating to different aspects of the long-running socialist calculation debate, including the inter-relationships between economic calculation, incentives and innovation.
Keywords	socialism
	planning
	calculation
	markets
	computation
Journal	Erasmus Journal for Philosophy and Economics
Journal citation	17 (1)
ISSN	1876-9098
Year	2024
Publisher	Erasmus University, Rotterdam
Publisher's version	17-1-art-4.pdf License CC BY 4.0 File Access Level Open (open metadata and files)
Digital Object Identifier (DOI)	https://doi.org/10.23941/ejpe.v17i1.781
Published	2024

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Cybersocialism and the future of the socialist calculation debate

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