The clash of economic ideas : the great policy debates and experiments of the last hundred years

Cover -- THE CLASH OF ECONOMIC IDEAS -- Title -- Copyright -- Contents -- Figures -- Acknowledgments -- Introduction -- AN OVERVIEW OF THE COMING CHAPTERS -- DO ECONOMIC IDEAS HAVE CONSEQUENCES? -- THE STRUCTURE OF INTELLECTUAL PRODUCTION -- GOVERNMENTS VERSUS MARKETS -- SOCIALISM VERSUS CAPITALISM -- 1: The Turn Away from Laissez-Faire -- JOHN MAYNARD KEYNES -- FRIEDRICH A. HAYEK -- KEYNES ON THE END OF LAISSEZ-FAIRE -- KEYNES VERSUS HAYEK ON THE ROLE OF GOVERNMENT -- POLITICAL ECONOMY IN AMERICA'S PROGRESSIVE ERA -- KEYNES WAS NOT THE FIRST TO TURN AWAY FROM LAISSEZ-FAIRE IDEAS -- ALFRED MARSHALL AND IRVING FISHER ON LAISSEZ-FAIRE -- THE GLOBAL ECONOMY BEFORE 1914 -- THE FEDERAL RESERVE ACT AND THE FIRST WORLD WAR -- THE RUSSIAN REVOLUTIONS OF 1917 -- KARL MARX -- 2: The Bolshevik Revolution and the Socialist Calculation Debate -- THE BOLSHEVIKS MAKE ECONOMIC POLICY -- VIENNA 1920 -- LUDWIG VON MISES -- MISES'S CRITIQUE OF THE SOCIALIST ECONOMY -- SOVIET SHORTAGES -- THE NEED FOR INPUT PRICES -- "CRUSOE" PRODUCTION VERSUS SPECIALIZED PRODUCTION AND TRADE -- WHICH PRODUCTION PROJECTS ARE WORTH IT? -- THE PROFIT TEST MAKES "INTELLECTUAL DIVISION OF LABOR" POSSIBLE -- WHY NOT VALUATION BY LABOR INPUT? -- THE LABOR THEORY OF VALUE AND ITS PROBLEMS -- THE PROBLEM OF INCENTIVE UNDER SOCIALISM -- OSKAR LANGE'S RESPONSE TO MISES'S CHALLENGE -- OSKAR LANGE -- LANGE'S ANSWER TO MISES -- HOW DOES THE SOCIALIST PLANNING MINISTRY GAIN THE KNOWLEDGE IT NEEDS? -- DETERMINING PRICES FOR INPUTS WITHOUT MARKETS -- WHY PREFER SOCIALISM, IF IT MERELY REPLICATES COMPETITIVE MARKETS? -- MISES'S RESPONSE TO LANGE -- HAYEK'S INITIAL CRITIQUE OF MARKET SOCIALISM AND LANGE'S LETTER IN REPLY -- KEY INFORMATION IS DISPERSED -- WHO PLANS FOR WHOM? -- MARKETS COORDINATE DECENTRALIZED PLANS THROUGH PRICE SIGNALS.