15 June 2020

Decentralized Economic Coordination: Let a Hundred Flowers Bloom

The calculation problem, as stated by Ludwig von Mises and Friedrich Hayek, has been central to most libertarian arguments against non-market or non-price forms of economic coordination. The Misesian variant, argued in Economic Calculation in the Socialist Commonwealth and Socialism, is based on the role of factor input pricing in allocating inputs among competing uses.... - Kevin Carson
https://c4ss.org/content/52947?utm_source=dlvr.it&utm_medium=blogger

Featured

Trump Says the Ceasefire is Over. The Law Says — Twice — the Iran War is Over.

“The United States and Iran exchanged fire for a second consecutive night on Thursday [July 9],” the New York Times reports, “extending a pa...

Follow Me on Twitter