The Austrian Dehomogenization Debate, or the Possibility of (original) (raw)

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The aim of this paper is to explore the implications of the debate on the dehomogenization of Hayek and Mises. The Misesian thesis about the vulnerability of the Hayekian argument prevails, and that its implications have thus far not been fully appreciated. These implications consist, on the one hand, of the correct integration of the proto-Hayekian bases of economic calculation into labor time accounting socialism and, on the other, of the possibility of successfully integrating appraisement into a Hayekian market socialism through a break with the unified control of the factors of production. Our contribution will consist of providing a more comprehensive exploration of these implications.

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Handle: RePEc:taf:revpoe:v:24:y:2012:i:2:p:273-287
DOI: 10.1080/09538259.2012.664337

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