From: GERALD LEVY (gerald_a_levy@msn.com)
Date: Sun Feb 24 2008 - 10:21:51 EST
Hi Alejandro A: You seem to think that the "socialist calculation debate" was somehow decidedly settled in favor of the marginalists. An independent and fair evaluation of that debate will show, I believe, that is _not_ the case. For example, for a kind of 'blow by blow' reconstruction of that debate, see: http://cepa.newschool.edu/het/essays/paretian/social.htm Still less convincing is _any_ claim about the merits of a theory based on its advocates and/or originators receiving The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel! For background of that prize, see: http://archives.econ.utah.edu/archives/pen-l/2001m11.3/msg00108.htm http://archives.econ.utah.edu/archives/pen-l/196m10.c/msg00022.htm In solidarity, Jerry [AA wrote:] After one hundred years of Pareto & Barone’s thesis about the lack of computational capacity to manage a Socialist economy; after the development of the controversy about the impossibility of economic calculation developed by Austrian and Market Socialists economists; after the Nobel prize in economics granted on 2007 to Leonid Hurwicz, Eric S. Maskin y Roger B. Myerson because of the development of the “design mechanism theory”, that finds its forerunners in those debates; shielding with the handicaps of Marx’s work concerning guidelines for the management of a Socialist economy is not justifiable. _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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