Covid-19 and the Socialist Calculation Problem

Just as central planners cannot know how individuals will value a product or service, so too are central planners unable to calculate or plan for the endless array of risk assessments made by potential victims of covid-19.

Original Article: “Covid-19 and the Socialist Calculation Problem”

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

 

Powered by WPeMatico