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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...
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Does the economic calculation problem apply to so-called "market socialism"?
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I am very confused about where libertarians stand on a lot of issues, mostly thanks to the mainstream media. Can anyone answer my questions? -Isn't a nationalized currency like the dollar necessary to maintain order? Wouldn't competing currencies in the same markets really cause a lot of chaos...