This post is mostly a bibliography. I know that Ludwig Von Mises' argument that socialist central planning will not work is invalid.
Many have put forth plans for post-capitalist societies. W. Paul Cockshott and Allin Cottrell's Towards a New Socialism is interesting in that they consider issues of computational complexity. I also once read some work of their colleagues Greg Michaelson and Ian Wright.
Apparently, a flurry of recent research investigates whether or not improvements in computing technology refute the Austrian argument against central planning. I have read hardly anything in the following list:
- Boettke, Peter J., and Rosolino A. Candela. 2023. On the feasibility of technosocialism. Journal of Economic Behavior and Organization 205: 44–54.
- Peter Boettke, Rosolino A. Candela, and Tegan L. Truitt. 2024. The Socialist Calculation Debate.
- Paul F. Cwik and Lucas M. Engelhardt. 2023. Revisiting the computation problem. Quarterly Journal of Austrian Economics. 26(3): 325-347.
- Dapprich, Jan Philipp. 2023. Optimal planning with consumer feedback: a simulation of a socialist economy. Review of Political Economy 35 (4): 1136–56.
- Dapprich, Jan, and William Paul Cockshott. 2023. Input-output planning and information. Journal of Economic Behavior and Organization 205:412–22.
- Dapprich, Jan, and Dan Greenwood. 2024. Cybersocialism and the future of the socialist calculation debate. Erasmus Journal of Philosophy and Economics 17 (1): 1–23.
- Lambert, Karras J, and Tate Fegley. 2023. Economic calculation in light of advances in big data and artificial intelligence. Journal of Economic Behavior and Organization 206 (February): 243–50.
- Nieto, Maxi. 2022. Entrepreneurship and decentralised investment in a planned economy: a critique of the Austrian reading. Historical Materialism 30, no. 1: 1–31.
- Nieto, Maxi, and Juan Pablo Mateo. 2020. Dynamic efficiency in a planned economy: innovation and entrepreneurship without markets. Science and Society 84, no. 1 (January): 42–66.
- Nguyen, Hai-Trieu v. 2024. The incompleteness of central planning. Quarterly Journal of Austrian Economics. 27(4): 1-22
- Phelan, Steven E, and Nikolai G Wenzel. 2023. Big data, quantum computing, and the economic calculation debate: will roasted cyberpigeons fly into the Mouths of comrades? Journal of Economic Behavior and Organization 206: 172–81.
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https://d1wqtxts1xzle7.cloudfront.net/58170971/Market_Incompletability_12.01.2019-libre.pdf?1547340614=&response-content-disposition=inline%3B+filename%3DThe_Incompletability_of_Markets.pdf&Expires=1744667988&Signature=Uy7lnAt4azHKvgkfTlcUi9Gnv460yVTKNbZGalk3aooUEHrcprS4fjrMwzi2h3frl8sFVnA5VEVhFQp-JPmf-mObOrpEUNHkJ0p~f3XsTKGdqiBSIs1nKyaaC1sM6v1vcS7dkeiApvaYXEsGgmwYlTC4nMmp0-Lb511ICci1Qf51BSwV76fo2N1khAjopWuxd7pZfSkdAjZv3dr~dh73pHUMUfjJkkSPA8E1T7fN2E2f7pfBqF8c23ELNOHVvgF4MApG0p19ecrNWWMk~Ink5E0qgx2fYK8qdkNJxDGlDm8fI-k6AJz6-uMh34glTviSPFeM-mhmdNE8~0NMANWeKA__&Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA
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