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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
  • Communism at my school

    So this Raymond Lotta guy, of the Revolutionary Communist Party of America, is coming to my school this week to give a speech ( ). I need some help preparing some questions/comments that will prevent anyone from buying into his nonsense. I am somewhat familiar with cost accounting...
    Posted to Economics Questions (Forum) by akowalsk on Mon, Nov 9 2009
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