2min chapter

The "What is Money?" Show cover image

Order Without Organizations with Aneesh Karve (WiM141)

The "What is Money?" Show

CHAPTER

The Importance of Economic Calculation

Praxeology runs very contrary to our traditional scientific worldview. It just flies in the face of all traditional scientific thought, at least for me I did it first. The other point here that Mises makes is there's just no constants in human action and you can't have society as we know it without economic calculation. In the same way you couldn't have a functional group of humans without language, you can’t have a functional marketplace withouteconomic calculation.

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