Friedrich von Hayek The strongSocialiststrong-Calculation Debate,.pdfVIP

Gettysburg Economic Review Volume 5 Article 6 2011 Friedrich von Hayek : The Socialist-Calculation Debate, Knowledge Arguments, And Modern Economic Development Cara A. Elliott Getty sburg Co llege Class of 2011 Follow this and additional works at : /ger Part of the Economic History Commons, Economic Policy Commons, Economic Theory Commons, International Economics Commons, Macroeconomics Commons, Political Economy Commons, and the Public Economics Commons Share feedback about the accessibility of this item. Elliott, Cara A. (2011) Friedrich von Hayek : The Socialist-Calculation Debate, Knowledge Arguments, And Modern Economic Development, Getty sburg Eco nomic Review: Vol. 5, Article 6. Available at : /ger/vol5/iss1/6 This open access article is brought to you by The Cupola: Scholarship at Gettysburg College. It has been accepted for inclusion by an authorized administrator of The Cupola. For more information, please contact cupola@. Friedrich von Hayek : The Socialist-Calculation Debate, Knowledge A rguments, And Modern Economic Development Abstract At the close of the nineteenth and the commencement of the twentieth century, socialism began to gain momentum as a large-scale movement in Europe and the nited States. This popularity was supported by an increased influence of the working class in society, which put pressure for representation upon European parliaments and began to secure concrete improvements in labor protection laws. Moreover, socialist proponents looked hopefully towards the living example of the Soviet nion, which began its socialist experiment in 1917 following the success of the Bolshevik Revolution. Socialism, which found its economic grounding in the legacies of such men as David Ricardo and Karl Marx, tended to encourage a more central and vital role for government intervention in the eco