Difference between revisions of "Socialist Calculation Debate"
From Critiques Of Libertarianism
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[[Category:Ludwig von Mises]] | [[Category:Ludwig von Mises]] | ||
[[Category:Friedrich von Hayek]] | [[Category:Friedrich von Hayek]] | ||
| − | {{DES | des = A debate about how a socialist economy would be able to allocate resources between goals without resort to capitalism. The debate tends to ignore the fact that Communist and wartime command economies did very well with centralized planning. Not to mention Walmart. This is a zombie issue: it was decisively settled by the idea of market socialism (now instantiated as [[Social Wealth Funds]]) because markets are not exclusive to capitalism. | show=}} | + | {{DES | des = A debate about how a socialist economy would be able to allocate resources between goals without resort to capitalism. The debate tends to ignore the fact that Communist and wartime command economies did very well with centralized planning. Not to mention Walmart. This is a zombie issue: it was decisively settled by the idea of market socialism (now instantiated as [[Social Wealth Funds]]) because markets are not exclusive to capitalism. In addition, [[Matching Theory]] provides a standard (and Nobel Prize winning) counterexample. | show=}} |
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{{List|Socialist Calculation Debate|links=true}} | {{List|Socialist Calculation Debate|links=true}} | ||
{{Quotations|Socialist Calculation Debate|quotes=true}} | {{Quotations|Socialist Calculation Debate|quotes=true}} | ||
