社会主义计算辩论The socialist calculation debate 的主要概述

老师发来一段概述，看得我云里雾里的，希望各位大大帮忙翻一下下，谢谢啦。
The socialist calculation debate (sometimes known as the economic calculation debate) was a discourse on the subject of how a socialist economy would perform economic calculation given the absence of the law of value, money, financial prices for capital goods, and private ownership of the means of production.More specifically, the debate was centered on the application of economic planning for the allocation of the means of production as a substitute for capital markets, and whether or not such an arrangement would be superior to capitalism in terms of efficiency and productivity.