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  • Socialist Calculation with labor time?

    Alright, I'm trying to wrap my head around the problem with socialist calculation. From what I can tell, it's that without prices for the factors of production, you will not be able to tell if you are transforming resources into a more desirable state since you will not know if you're making...
    Posted to Economics Questions (Forum) by The One Freeman on Fri, Nov 9 2012
  • Debate against a planned economy

    Greetings, So I'm having a debate with one of my friends vis-a-vis the subject of a planned economy. He asserts a centrally-planned economy, such as a communist/socialist one is superior to a "evil, depraved free-market system." I naturally disagree and we have been arguing this for some...
    Posted to Economics Questions (Forum) by Bogdan on Thu, Jun 30 2011
  • Re: Stimulus Package important

    But doesn't your argument only apply to government TAKEOVERS of health care, education, and infrastructure? Stimulus packages only give money to private firms in the chosen sector. So they can still somewhat calculate since they are part of the free market.
    Posted to Economics Questions (Forum) by Kenneth on Sat, Feb 13 2010
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