Complex sentence: The economic calculation problem is a criticism of attempts by bureaucracy to plan, manage, or replicate economy first proposed by Ludwig von Mises in his article Economic Calculation in the Socialist Commonwealth and later expounded by Friedrich Hayek.
Split into simpler sentences: The economic calculation problem is a criticism of attempts by bureaucracy to plan or manage an economy. It was first proposed by Ludwig von Mises in his article "Economic Calculation in the Socialist Commonwealth" and later expounded by Friedrich Hayek.