"Schumpeter was uncharacteristically naive in awarding Lange and Lerner victory over Ludwig von Mises on the issue of whether rational economic calculation would be possible under socialism. Of course Mises was wrong in his sweeping rejection. But Schumpeter of all people should have understood the importance of uncertainty, stochastic error, and dynamic innovation in all social life. And this might have been expected to lead him to award the victory to Hayek for his insistence on the difficulty of pooling information when command and bureaucracy limit the workings of the market. Had Schumpeter lived another third of a century he would also have realized what Oskar Lange had to learn the hard way, that few socialist societies will play the Barone-Lerner-Lange game of simulated decentralized market pricing."