Economic Calculation Problem

[nirgrahamUK]

Here is another resource:

The End of Socialism and the Calculation Debate Revisited

[filc]

@Valject

Not entirely true. While limitations of supplies will affect the price the seller chooses, it is entirely impossible to just brush aside the concept of scarcity in terms of the obtainable rather than just the available.

What I mean is, if people truly believed that resources were unlimited, it would be reflected in their individual behavior of consumption, and that would ultimately be reflected in the pricing mechanism. The fact that we do have prices is enough of a testament that people recognize scarcity.

@Valject

So even if there were an infinite amount of X, if only a finite number is obtainable, as is obvious to anyone the moment they undertake to obtain it,

If the resources are not readily accessible, they cannot then be called super-abundant, or scarce-less. based on what you said, there is still scarcity. I was describing a scenario in which people believed there was no scarcity, when in fact there was.

[filc]

@Spline

Thanks guys for all the great responses. I obviously have much to read and research now. I’ll get back to you guys in a couple months

Thanks for visiting Spline. I hope you get something useful out of all the texts people have provided!