Tue Oct 10 11:41:22 EDT 2006
John Womack wrote: Re Caldwell's good point about "The Socialist
Blueprint," does this dispute not go back farther directly to the debate
on "socialist calculation," at least once the Austrians got into it in the
1920s?
Caldwell replies:
Or perhaps even farther than that. Schumpeter ruffled many Austrian
feathers with his 1908 book _Wesen_, where he argued that the Walrasian
general equilibium approach was the best example of a scientific approach
to economics, thereby choosing Walras over Menger. I apologize for the
self-promotion, but I discuss this episode in my book _Hayek's Challenge_
in a section in chapter 5 entitled "The Multiple Apostacies of Joseph
Schumpeter."
Bruce Caldwell