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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
  • "Market Socialism" and Mises?

    Does the economic calculation problem apply to so-called "market socialism"?
    Posted to Economics Questions (Forum) by AJ Wyckoff on Wed, Aug 29 2012

    I think this video does a good job of explaining the stupidity of the "tax the rich" liberals.
    Posted to Economics Questions (Forum) by Buzz Killington on Mon, May 14 2012
  • Where does Wealth come from?

    Where does Wealth come from? Professors of economics, philosophers, professional economists and socialists. What do they all have in common? Answer: They have no idea where wealth comes from. Poverty programs, urbanization, women’s rights, wealth inequality, credit, savings...
    Posted to Economics Questions (Forum) by Lawrence on Sat, Jul 23 2011
  • 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: Any good articles showing how the U.S. really is socialist or close to it? A friend doubts this.

    Before this thread, goes off on tangents, that will answer the OP post, but probably serve to confuse the discussion generally. I will attempt to answer, for the op, you're friend, might prescribe to socialism, that is leaning more toward communism, that advocates workers rights, state owned enterprises...
    Posted to Economics Questions (Forum) by Sanchez on Wed, Oct 13 2010
  • Price mechanism irrational?

    I'm having an argument with a socialist who says that the free-market price mechanism results in an irrational allocation of resources (in this case healthcare) because it results in resources being distributed to those who can afford them and not necessarily those who need them. Hence, he says "...
    Posted to Economics Questions (Forum) by SG875 on Fri, Jul 16 2010
  • Arguing with interventionists/socialists about health care

    They dismiss the idea that free market health care is better than socialized health care because health care in Canada, UK, France and Scandinavian countries are serviceable. It's irrelevant that free market health care is better as long as health care in those countries proves that socialized care...
    Posted to Economics Questions (Forum) by Kenneth on Tue, Mar 2 2010
  • Re: Central Planning and efficiency

    Wow. I never expected an exciting debate to happen. Thank you all for your intelligent answers. Now to be more specific about what socialists mean by needs. These are for example health care and education. South East Asian countries with fanatic leftist politicians and intellectuals want to socialize...
    Posted to Economics Questions (Forum) by Kenneth on Fri, Feb 19 2010
  • Central Planning and efficiency

    The intuitive idea that appeals to socialists is that Capitalism wastes resources because it creates useless products for the comfort and satisfaction of petty wants for those who have money while there are people in the streets who do not even get their basic needs satisfied. So therefore, the government...
    Posted to Economics Questions (Forum) by Kenneth on Wed, Feb 17 2010
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