An open-access article in English by Jan Philipp Dapprich and Dan Greenwood, published in the Erasmus Journal for Philosophy and Economics, proposes a new cybersocialist approach to the socialist calculation debates. In this paper entitled Cybersocialism and the Future of the Socialist Calculation Debate, Dapprich and Greenwood review the limits of Austrian arguments when interacting with the new cybersocialist proposals emerging in recent years. Here’s the abstract of the article:
In the long running debate about the desirability and feasibility of a planned socialist economy, Austrian economists proclaim victory. Drawing from Mises and Hayek, they stress that the problem of deciding the most economic methods for producing goods and services is not simply, as some early socialist responses suggested, a ‘computational’ one but is rather epistemological. Hence, they reject recent ‘cybersocialist’ claims that developments in computational technology offer potential for addressing the ‘socialist calculation problem’ famously formulated by Mises, long before the advent of computer technology. Yet this theoretical claim by Austrians hinges more than is recognised upon the capacity of rapidly evolving computational technologies and their potential applications. We highlight the need to re-appraise Austrian conclusions, attending closely to the distinction offered by Mises between supply and demand-side calculation. Recent cybersocialist proposals should be viewed as opening up several different avenues of research relating to different aspects of the long-running socialist calculation debate, including the inter-relationships between economic calculation, incentives and innovation.
To read the full article: https://ejpe.org/journal/article/view/781