ECON 272

In Class Exercise Seventeen - Keynes vs. Hayek

1.  What was the economic calculation debate all about? 

2.  What was Hayek's answer and why?  Be specific here -- talk about knowledge and economic calculation - what does that mean?

3.  What was Keynes answer and why?

4.  Is the debate over?  Explain.

5.  What questions do you still have about this material?