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CIAO DATE: 03/02
Critical Review
Dr. Pangloss Goes to Market: From Marx to Mises
By David Schweickart
Abstract
David Ramsay Steele's From Marx to Mises argues correctly that the standard account of the economic calculation debate is a misrepresentation. Mises and Hayek were not bested by Lange and Taylor However, it is not true, as Steele claims, that socialists have yet to face the Misesian challenge, nor that the debate over socialist calculation sheds much light on the recent collapse of communism. Steele's critiques of market socialism and worker self-management and his treatment of Marx are, moreover deficient, as a consequence of his "Libertarian Panglossism."