Is there any counter to this argument? I see Austrians and AnCaps pushing this a lot. Can Holla Forums give me any resources to help rebut this? Thanks.
The Economic Calculation Problem
Xavier Walker
Easton Fisher
Here you go comrade
Christian Thompson
Also I'd to say that Lolbergs are incredibly dishonest to claim that only Lange, a neoclassical socialist, responded to Mises.
The Roo points it out and presents a list of marxist answers to it before Lange:
Jace Collins
Capitalism is notoriously bad at predicting changes in demand, and it's only efficient in a narrow, profit-oriented sense. The ECP is intractable in all but the most artifical models of capitalist markets too, so it's not a huge problem for Marxist economics. Also is a good example of how Marxist economists can overcome this problem.
Ian Sanchez
Evan Cooper
This is a realy good debunk if you have time
The third video series of this>>1795817 is also really good
Nathan Carter
The economic calculation problem is a generally a misunderstanding only a thing in the framework of capitalism.
Justin Young
It's just 30 pages and the first and the second part is just a recap
Jesus Christ I just deleted and reposted my post three times, shot me please
Adam Morales
youtube.com
This vid, and all the sources linked in it description
James Lopez
I hate Von Mises smug fucking face.
Just look at it.
Sebastian Phillips
It was really my fault as I was the first one to delete my post, Sorry comrade
Camden Mitchell
How does this guy only have 67 subscribers?
Oliver Scott
Market socialism.
Ian Rodriguez
...
Noah Roberts
This argument is mathematically invalid, if it is what I think it is. Originally, in classical economics, the hope was that markets achieved an optimal outcome from a utilitarian perspective. After further investigation of the models, it was shown that unrealistic assumptions need to be applied for the argument to hold. One of the most obvious is assuming the marginal cost of production monotonically increases with increasing output by a firm (i.e. opposite of economies of scale).
Debunking Economics by Steve Keen has a decent overview of what these assumptions are, and why they don't hold.
Carson Sanchez
It's praxeology. He doesn't have to explain shit.
John Stewart
The Marxist definition of socialism isn't the only definition of socialism.
Carson Sanders
Go away, Hitler.
Jordan Allen
Please Hitler we have alreay talked about this before
Sebastian Edwards
...
Chase Harris
the marketplace of ideas
Austin Collins
THIS IS WHAT HAPPENS WHEN YOU DON'T SHILL MEMES FOR PAPA COCKSHOTT!
Go make some!
Elijah Martinez
communism will only emerge when automation is high enough to provide enough commodities for everyone (aka scarcity is abolished), so no market nor exchange should be guided by the law of value.
the economimc calculation problem is a pretty good argument, but sadly it doesn't have nothing to do with socialism, but rather keynesian boureocracy (and even so, it's totally simplistic and incomplete)
Nicholas Fisher
falc much?
No it isn't, it was BTFO by Kantorovich in the 1930s see:
Logan Phillips
Most of the time you won't even need to bother debunking it. When the ECP is cited it's usually just a wikipedia link with no explanation 99% of the time anyway. It's just an appeal to authority, the ECP is a meme. It gained a reputation as the Achilles Heel of Socialism solely because Mises' aggressive (and whiny, preachy) writing style was effective at pushing communists' buttons.
Most self-proclaimed libertarians can't actually distinguish his theory from Hayek's anyway.
Dominic Sullivan
You just produce until production outstrips consumption.