Economic Calculation Problem Debunked!??

JustinTemplar,

Those who agree with this criticism argue it is a refutation of non-market socialism and that it shows that a socialist planned economy could never work.

if government owned or controlled the means of production, then no rational prices could be obtained for capital goods as they were merely internal transfers of goods in a socialist system and not “objects of exchange,” unlike final goods. Therefore, they were unpriced and hence the system would be necessarily inefficient since the central planners would not know how to allocate the available resources efficiently

<–(ECP wiki)

Socialist planned economies are not what Zeitgeist promotes. Socialism is a conceptualization based on history that does not apply. TZM does not promote Government. Government is likely to become irrelevant when the movement gains critical mass. Critical mass is necessary for society to change. That’s the goal, or at least, one of the mains goals of the Zeitgeist Movement.

How would you solve the problem of ordering your society so that it functions without private ownership and without money?

Society would solve it’s own problems more than it creates them when the MonetaryMarket System and arguably, Government are no longer socially acceptable. Private ownership becomes a non-issue..

If your alternative to capitalism has as many or more flaws compared to capitalism, then even with all its flaws capitalism is still the winner.

What intrinsic flaws would there be?

You actually have to propose something better. And don’t waste your time arguing for the end result, tell us HOW your alternative works.

How the alternative works is through the Scientific Method for arriving at decisions. Also, critical mass is an important aspect of social change. For the Monetary Market system and Government to be removed, it is necessary.. Problems seem to repeatedly revolve around those two social constructs . I think about HOW all the time. As for gaining critical mass, there are many ways to go about this. We consider how do go about these things a lot, believe you me. Does that help anwer your questions at all?

Here, I searched around, this could help, it’s very recent. Part 2 is the Q&A part..

Are you a MMT advocate? A Chartalist?

Flic, I’m not familiar w/those terms..

From what I just (and I admit, little) read from the Wiki of Chartalism, no.

The last monetary reform I remember last seeing as reasonable (before the system as a whole becomes no longer tolerated by a critical mass), was to abolish Interest so that at least, poorer countries who owed us money, stood more of chance against poverty.

I probably missed the point flic.

EIRMOS,

Your answer is still incoherent. You haven’t answered a single thing.

“Socialist planned economies are not what Zeitgeist promotes. Socialism is a conceptualization based on history that does not apply. TZM does not promote Government. Government is likely to become irrelevant when the movement gains critical mass. Critical mass is necessary for society to change. That’s the goal, or at least, one of the mains goals of the Zeitgeist Movement.”

It seems you don’t even have a basic understanding of what socialism is.

Whether a system is Capitalistic or Socialistic is about who controls the means of production.

Means of production - refers to physical, non-human inputs used in production: the factories, mines, machines, and tools used to produce wealth, along with both infra structural capital and natural capital. This includes the classical factors of production minus financial capital and minus human capital. (notice that financial capital aka money is not included in the definition, nor is human capital aka labor )

Socialism is an economic system in which the means of production are publicly or commonly owned and controlled co-operatively, or a political philosophy advocating such a system.

Capitalism is an economic system in which the means of production are privately owned and operated for profit.

Zeitgeist doesn’t believe in private property ownership, Zeitgeist does not believe in profits. Zeitgeist is 100% Socialism.

Zeitgeist hates labels because then it means you have to deal with the failures of previous attempts at achieving Socialism, (Communism, Marxism, Leninism, etc etc) I’m sorry you don’t like the baggage that comes with your philosophy but that doesn’t change the fact that you are Socialists. Deal with it. You need to develop your own philosophy at achieving the end goal without repeating the mistakes of Marx and Lenin.

“Society would solve it’s own problems more than it creates them when the MonetaryMarket System and arguably, Government are no longer socially acceptable. Private ownership becomes a non-issue..”

Society doesn’t solve anything. Society is a concept, not a thing. Society does not have a mind, society does not think, society does not act. Only individuals have minds, only individuals can think, only individuals can act. Only when you arrange individuals into abstract groups in your mind do they become what you call “society”. It takes individuals within your concept of society to start solving problems, society isn’t solving problems individuals are. Only when YOU stop using government services and only when YOU reject private property will any of this happen ( but i guess you are waiting for everyone else to do it first?)

“What intrinsic flaws would there be?”

I don’t know you haven’t shown us anything yet? We have no vision of how you are going to achieve any of your goals.

“How the alternative works is through the Scientific Method for arriving at decisions. Also, critical mass is an important aspect of social change. For the Monetary Market system and Government to be removed, it is necessary.. Problems seem to repeatedly revolve around those two social constructs . I think about HOW all the time. As for gaining critical mass, there are many ways to go about this. We consider how do go about these things a lot, believe you me. Does that help answer your questions at all?”

The Scientific Method does not arrive at decisions. The Scientific Method is a means for testing a theory to arrive at facts. Those facts are what are used by humans to arrive at decisions. Humans are the ones asking the questions and doing the choosing. Science doesn’t decide anything.

You keep complaining about government and the monetary market system but you haven’t told us a single thing about HOW your alternative works. What system does Zeitgeist propose to use to manage the means of production, how are you going to gain access to resources, how are you going to manage those resources, how are going to distribute these resources.

If you don’t have a government, then who builds the factories, who decides what is going to built, who decides what is going to be produced?

You haven’t even begun to answer any of my questions. So far all I see is a free for all.

Zeitgeist can’t even agree with TVP on how to get “there”, (whatever “there” is?) what makes you think “society” will agree with you if you can’t even agree among yourselves?

"Here, I searched around, this could help, it’s very recent. Part 2 is the Q&A part.. "

No it doesn’t help, I watched the LA Town Hall meeting live on Ustream the night it happened, I didn’t need to search for it. It doesn’t answer anything.

Your certain your not familiar with Modern Monetary Theory? You comments almost sound verbatim MMT.

Fringeelements made a video about TVP/Zeitgeist and economic calculation. He concluded that there is nothing to criticize because there is no actual plan. Advocates of these systems simply assert that the problem will be solved without even understanding the nature of economic calculation, nevermind any details about how it will be dealt with.

http://www.youtube.com/watch?v=NfBYDRgoA58

Sounds about right to me!

Sorry to chime in so late, but I wanted to add this:

Can we just let normal economists handle this stuff? I am not sure we need Austrian attention for this. Almost all economists see the need for a price system.

Austrian Economics are normal economics :smiley: Gee