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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. ...
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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. ...
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Patrick Barron considers the following as important:
This could be interesting, too:
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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.