Debating the Socialist Calculation Debate: A Classroom Exercise

18 Pages Posted: 25 Sep 2003

See all articles by Zenon X. Zygmont

Zenon X. Zygmont

Western Oregon University - Division of Business & Economics

Date Written: August 2003

Abstract

This paper describes a classroom exercise that introduces the Socialist Calculation Debate (SCD) to undergraduate economics students. The SCD concerns an issue that remains one of the most consequential of the 20th century - the belief in the superiority of socialism and central planning over capitalism and the free market. The exercise presents the SCD in an "active learning" atmosphere by requiring the students to read, interpret, and discuss the writings of three notable participants in the debate - Ludwig von Mises, Oskar Lange, and Friedrich Hayek. The format and objectives of the exercise, required and optional reading, and current relevance of the SCD are discussed.

JEL Classification: A22, B24, B53

Suggested Citation

Zygmont, Zenon X., Debating the Socialist Calculation Debate: A Classroom Exercise (August 2003). Available at SSRN: https://ssrn.com/abstract=442620

Zenon X. Zygmont (Contact Author)

Western Oregon University - Division of Business & Economics ( email )

Monmouth, OR 97361
United States
503-838-8244 (Phone)
503-838-8723 (Fax)

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