Some scholars have gone on record as saying the reason for the collapse of the soviet union was because of the inability to allocate resources efficiently under a socialist accounting system (Sennholz 2002; Rothbard 1991). Ludwig von Mises, an Austrian scholar who later taught at New York University, predicted the collapse as early as the 1920s (Mises 1920; 1922; 1923; 1935) His prediction sparked the socialist calculation debate of the 1930s(Hayek 1935; Lange 1936; 1937; Lerner 1935; Lippincott 1938; Hoff 1981). Polanyi (1923) agreed with mises that the problem of economic calculation is insoluble in a centrally planned economy but proposed to solve the problem by means of “a functionally organized socialist transition-economy.”