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The Calculation Argument
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Book •
Ludwig von Mises's "The Calculation Argument" is a seminal work in Austrian economics, critiquing the feasibility of socialist economic planning.
Mises argued that a centrally planned economy lacks the price signals necessary for rational resource allocation.
Without market prices, efficient production and distribution become impossible.
The argument highlights the crucial role of market mechanisms in coordinating economic activity.
Mises's work has had a lasting impact on economic theory and policy debates.
His ideas continue to be relevant in discussions about the limits of government intervention in the economy.
Mises argued that a centrally planned economy lacks the price signals necessary for rational resource allocation.
Without market prices, efficient production and distribution become impossible.
The argument highlights the crucial role of market mechanisms in coordinating economic activity.
Mises's work has had a lasting impact on economic theory and policy debates.
His ideas continue to be relevant in discussions about the limits of government intervention in the economy.
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Mentioned in 1 episodes
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Justin Murphy
13 snips
Markets Learn to Manufacture Intelligence and Politics Modernizes (Nick Land, Meltdown, Sentence 3)
