In a letter to F. Hayek dated Feb. 18, 1981, Paul Samuelson writes: 
 
"As a small sample of the _increacing_ esteem that your work is 
enjoying among modern economists, I enclose a xerox of a page from 
a recent lecture that I gave in Vienna and that is to appear in a 
book about Schumpeter (now that his Centennial is approaching)." 
 
The passage Samuelson refers to reads: 
 
"Schumpeter's final logic ought to have predisposed him to 
accord to Hayek the final victory over Lerner and Lange in the 
debate over whether a socialist state could play the game of 
parametric pricing.  To find new _cost_ technologies and husband 
scarce knowledge as it is forever newly arriving, the letter of 
Walrasian equations achievable by Lerner-Lange auctioneers and 
bureaucrates serves as nothing compared to what Hayek's real life 
speculators and profit receivers are led by the invisible hand of 
market competition to contribute.  I don't remember Schumpeter as 
pronouncing on this point, but on my reading it should be congenial 
to his _Weltanschauung_." 
 
Can anyone tell me the title of this essay, and were I might 
find it -- what the reference is for this paper.  (also, is Samuelson 
correct that Schumpeter never 'pronounced on this point' -- and if 
Schumpeter was _not_ predisposed to accord final victory to Hayek, why 
might this have been?). 
 
 
Greg Ransom 
Dept. of Philosophy 
UC-Riverside 
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