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
Published: Nov 26, 2006
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