"Professor Mises' denial of the possibility of economic calculation in a socialist system must be rejected. However, Professor Mises' argument has been taken up recently in a more refined form by Professor Hayek and Professor Robbins. They do not deny the theoretical possibility of a rational allocation of resources in a socialist economy, they only doubt the possibility of a satisfactory practical solution of the problem. […] The position taken by Professor Hayek and by Professor Robbins is a significant step forward in the discussion of the problem. It promises a much more fruitful approach than Professor Mises' wholesale denial of the possibility of economic accounting under socialism."
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Original Language: English
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Oskar Lange, "On the Economic Theory of Socialism: Part One", The Review of Economic Studies, Vol. 4, No. 1 (Oct., 1936)
https://en.wikiquote.org/wiki/Individualism_and_Economic_Order
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Individualism and Economic Order
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