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Thanks for all the help everyone. I'll try to finish a response essay to theirs by next Sunday, and I'll post it on here...see what everyone thinks. I don't have much experience writing economics essays (at schools we only do essays on books), but I'll see how it turns out.
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I would focus on what you say except for this point (it's in their essay): "If we assume that the socialist economy retains some form of market for consumer goods to provide information on final requirements, then the process of deriving a balanced plan is tractable." They assume that the socialist planners are using market socialism.
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He says that the whole thing is based on the assumption that there is some sort of market within the economy, so the planners would know what people wanted. A.k.a. market socialism...That's the second part of their essay, and I haven't even started thinking about it...I'm still wrapping my head around the first part, and trying to destroy
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Hello, It's my second time writing on these forums and I'm looking for a bit of debate help. I'm arguing with one of my friends over the economic calculation problem. He's a convinced communist, while I totally and wholeheartedly disagree with communist theories. Of course our debate has shifted from the political to the economic, once
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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 time now. As both of us were just adventuring on