Economic History Research Paper

Economic History
                   Economic History

The topic name:Economic History

In The Socialist Calculation Debate Friedrich Hayek was the primary voice arguing against the feasibility of planning. As part of his contribution, he wrote two theoretical papers; “the Meaning of Competition”; and “The Use of Knowledge in Society”. They are classic contributions to economic theory.

Discuss their implications for Hayek’s position with respect to the possibilities of planning. Your paper should place Hayek’s discussions in the larger context of the perspective of Austrian Economics, and it’s difference from “Neoclassical Economics.

In addition to the two papers noted above, you will find Karen Vaughn’s paper on the debate,
Economic Calculation under Socialism, the Austrian Contribution”, and class notes, very useful.
The parameters for the paper are the same as those outlined in the course outline.

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