Calculation and knowledge: Let's writefinis

Calculation and knowledge: Let's writefinis Calculation and Knowledge: Let's Write F/n/s Leland B. Yeager I regret prolonging the discussion, but remarks by Joseph Salerno, Hans- Hermann Hoppe, and Jeffrey Herbener in the first 1996 issue of this Rer~ew I foster the impression that my position is so wrong as to require further discussion. They obscure what the original issue was. 2 In earlier writings, Murray Rothbard, Joseph Salerno, and Jeffrey Herbener had tried to distinguish between calculation and knowledge problems besetting socialism. F.A. Hayek, they suggested, had shoved aside or perverted the analysis that Ludwig yon Mises got straight in the first place. My 1994 article challenged this supposed distinction? I argued that knowledge was intimately bound up with the calculation problem that Mises had diagnosed. Hayek elaborated on points that were implicit and very nearly explicit in Mises's own writings. Neither Salerno's "Reply ''4 nor his and the other two latest comments justify the supposed wedge driven between the analyses of Mises and Hayek. They do not adequately specify the supposed crucial nonknowledge aspects of the calculation problem that Mises emphasized and from which Hayek diverted attention. Yet Lehnd B. Yeager is professor emeritus at Auburn University. He thanks l~ul Cwilc, Roger Garrison, The Review of Austrian Economics Springer Journals

Calculation and knowledge: Let's writefinis

Loading next page...
Kluwer Academic Publishers
Copyright © 1997 by The Ludwig von Mises Institute
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
Publisher site
See Article on Publisher Site


You’re reading a free preview. Subscribe to read the entire article.

DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches


Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.



billed annually
Start Free Trial

14-day Free Trial