Should we let wise men plan the economy for us? How relevant are Mises arguments against planning in the era of big data and technology? What is the Austrian School of economics?
Since the beginning of the 20th century, Marxist ideas have captured the hearts of millions of imaginative believers from around the world. Yet, an obscure economist from Vienna named Ludwig von Mises disagreed; this set off vigorous debate within economics popularly known as the “Calculation Debate”. The fall of the Berlin wall then led most Marxist economic ideas to lose its currency. However, Central Planning remains popular in Sri Lanka and around many parts of the world. Should we really then, actively try to plan the economy?
These questions (and more) were answered in an interactive and engaging session held on the 2nd of October at the Hatch Auditorium.
About the Speakers
Asantha Sirimanne – Senior Business Journalist and established editor at EconomyNext.
Jeffrey. A. Tucker – Editorial Director of the American Institute for Economic Research and Chief Liberty Officer (CLO) of Liberty.me. He is an adjunct scholar with the Mackinac Center for Public Policy, a research affiliate of RMIT University’s Blockchain Innovation Hub, and an Acton Institute associate. He studied economics as an undergraduate at Texas Tech University and Howard Payne University, where he first encountered the literature of the Austrian School. He later enrolled as a graduate student in economics at George Mason University. He is now an economics writer of the Austrian School, an advocate of anarcho-capitalism and Bitcoin, a publisher of libertarian books, a conference speaker, and an internet entrepreneur.