Larry Boland wrote:
> And don't forget, Kaldor started at LSE during that time.

Kaldor took extensive notes from Allyn Young's lectures at the LSE, 1927-29, and these were later published in a special issue of the Journal of Economic Studies, 1990: http://www.emeraldinsight.com/journals.htm?articleid=845888. 

However, Young's discussion of "Economic aspects of socialism", pp.88-92, is relatively brief - and sceptical - on how prices would be fixed under socialism, especially if it's organised through cartelisation and monopoly. And he stresses that "modern democracy is the result of economic democracy" . Thus "Young's objection to socialism centres on... the strong government it involves" (p.91). 

Though Kaldor was an economic interventionist, I am not aware that he was much persuaded by Oskar Lange's optimism about the scope for efficient pricing under socialism, though he did put much stress on the potential efficiency and equity of socialising the Ricardian economic rent of land and natural resources (as did Young). 

Per Byland also mentions Ronald Coase. I think Coase arrived at the LSE a little after Allyn Young's death in March 1929 (can anyone confirm?); but many think that Coase's theory of the firm and the way its boundaries are forever changing has strong echoes in Young's famous discussion (EJ December 1928) of how "the representative firm" tends constantly to lose its identity in the process of overall economic growth that engenders increasingly specialised firms.

Roger Sandilands

On 14-Dec-11 9:03 AM, Gary Mongiovi wrote:
> Don't overlook the work of Evan Durbin, the closest thing there ever was to a Hayekian socialist. If memory serves he was an advocate of planning but fiercely disliked deficit spending, and was quite suspicious of Keynesianism. A very interesting guy who died before his time. His daughter, Elizabeth Durbin (a beautiful person, excellent historian, also sadly gone) wrote an excellent book on the period, "New Jerusalems".
>
> Gary
>
> Gary Mongiovi, Co-Editor
> Review of Political Economy
> Economics&  Finance Department
> St John's University
> Jamaica, NEW YORK 11439 (USA)
>
> Tel: +1 (718) 990-7380
> Email: [log in to unmask]
> ________________________________________
> From: Societies for the History of Economics [[log in to unmask]] On Behalf Of Bylund, Per L (MU-Student) [[log in to unmask]]
> Sent: Wednesday, December 14, 2011 10:57 AM
> To: [log in to unmask]
> Subject: [SHOE] LSE and the Socialist Calculation Debate
>
> Dear all,
>
> I am looking into the socialist calculation debate and especially as it affected scholarship at LSE during the 1920s and 1930s. I'm interested in both the "endogenous" schooling and development of the "market socialism" (and related) idea, as e.g. Abba Lerner was a student there, and the "exogenous" influence exercised on LSE faculty and students (especially of later renown, such as Lerner, Ronald Coase, and others). I have much of the obvious literature, but would appreciate your thoughts on what literature and writers/scholars would be relevant to further disentangle personal and ideological relationships at LSE and the process of influence of the socialist idea.
>
> Thanks!
>
>
> Per
>
> _________________________________
> Per L. Bylund
> PhD Candidate, Applied Economics
> Division of Applied Social Sciences
> University of Missouri
>
> 323 Mumford Hall
> Columbia, Mo. 65211


--
Lawrence A. Boland, FRSC
Department of Economics, Simon Fraser University
Burnaby BC Canada V5A-1S6
phone: 778-782-4487, web: http://www.sfu.ca/~boland