I recently added the text of this old chapter of mine to the post below on my legal blog. It was Appendix I to a book I co-authored with a colleague, but of course I wrote that appendix.
Economic Calculation Under Socialism, Appendix I to Protecting Foreign Investment Under International Law: Legal Aspects of Political Risk (1997)
By Stephan Kinsella, KinsellaLaw.com (Dec. 10, 2004):
Recently found this oldie but goodie: my “Economic Calculation Under Socialism,” Appendix I to Protecting Foreign Investment Under International Law: Legal Aspects of Political Risk (Dobbs Ferry, New York: Oceana Publications, 1997). Text below. It was not included in the successor treatise, Noah D. Rubins, Thomas N. Papanastasiou and N. Stephan Kinsella, International Investment, Political Risk, and Dispute Resolution: A Practitioner’s Guide, 2d ed. (Oxford University Press, 2020), as my co-authors there were less libertarian than me…
For additional information, see:
- The Great Mises-Hayek Dehomogenization/Economic Calculation Debate (Feb. 8, 2016)
- Sheldon L. Richman, “A Long Way from Philadelphia”: “In the halls of the Communist Party Central Committee, supporters of individual liberty plot the transformation of the evil empire into a free society,” Liberty (July, 1991): 41–44. Note from Sheldon: “about my lecture on economic calculation at a Cato conference in the soon-to-be deceased Soviet Union.”
- Kinsella, “Legislation and the Discovery of Law in a Free Society,” in Legal Foundations of a Free Society (Houston: Papinian Press, 2023), Part III.C.1, at n.69
- Mises was Right, Part 2: Feulner, Neocons, Heritage, Georgia, Mont Pelerin
Many interesting pieces in the Liberty archives: https://t.co/ycwQoaSYtG
• @SheldonRichman , “A Long Way from Philadelphia”: “In the halls of the Communist Party Central Committee, supporters of individual liberty plot the transformation of the evil empire into a free society”…— Stephan Kinsella (@NSKinsella) February 16, 2026
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