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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 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 by Michael Lagoy on Wed, Aug 29 2012

Doesn't Capitalism Do More Harm Than Good?

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...

Posted to Political Theory by Vis4Vendetta on Fri, Aug 10 2012

France may like to end the "german Vorherrschaft"

Well on is for sure, the French do think of themselves as a grand nation and I guess we Germans are not that loved. That has quite a bit of potential. Let's hope that Hollande will win, and so France will like to end the EU experiment. And well if in doubt. "Blame the Krauts". And indeed...

Posted to F Dominicus Blog by Friedrich Dominicus on Wed, May 2 2012
Filed under: socialism, deledefs, France, end big government, Hollande, end of the Euro

Dear French

Well chosen. I guess you are as fed with the Euro and EU as I'm. You decided it's time to dive down into socialism and a "great" Nation of France. So vote for socialist an communist is a very proved way to dive down in poverty. And after this poverty come the markets. So you want a...

Posted to F Dominicus Blog by Friedrich Dominicus on Mon, Apr 23 2012
Filed under: socialism, default, social democratic?, deldefs, "great nation", bankrup, dumb french

Socialism at work

Well yes it is still at work, and getting stronger by the day. the SPD wants a stability and growth union in europe (that's newspeech for, we want to gain more control and put all in misery, but pst don't tell anyone) the dictatorship gets into another round in Russion. Putin Medwedew are just...

Posted to F Dominicus Blog by Friedrich Dominicus on Sun, Dec 4 2011
Filed under: lies, socialism, deledefs, end democracy, social democratic?, propaganda

FDP on it's way out?

I'm puzzling. Yesterday the probably most important meeting of the FDP has took place. It seems the current point of view is: "Keep on going, don't change anything". Last vote the FDP got roughly around 15% During the last two years they have given up nearly everything what can be remote...

Posted to F Dominicus Blog by Friedrich Dominicus on Fri, Jan 7 2011
Filed under: FDP, Germany, socialism, meaning of liberal, liberal?, DDR 2.0

Capitalism, Socialism, and Voluntarism

Capitalism, Socialism, and Voluntarism by Alex Merced People blame all the worlds problems on it's systems of resource management, for in the end that is all that Capitalism and Socialism are, systems to managing scarce resources. Quality of life, happiness, joy; these are all things that are not...

Posted to AlexMerced by Alex Merced on Mon, Aug 9 2010
Filed under: Prices, Voluntarism, Anarchism, Social Net, Capitalism, Socialism

the economic calculation argument

The calculation argument is probably the most difficult to understand piece of Austrian theory in the whole corpus of austrianism. Indeed it is true that many Austrians themselves, at present and certainly in the past, have failed to understand it fully. The purpose of this article then, is to process...

Posted to Austrian Economics by fakename on Sat, Nov 21 2009
Filed under: FAQ, hayek, Mises, Money, socialism