Hi, I’m currently writing an article about von Mises, and I came here because would like some feedback from people who are familiar with and fond of his work. The target audience of said article is people who are not very familiar with economics overall, and are assumed to be unfamiliar or just su…

Not bad. And the English is perfect. It inspired me to try my own version, which follows: Mises’ insight is that anything you produce, say a television set, has a price, the price being all the other things that will not get done because you used up time and money and material making that tv set. …

Mises’ calculation problem really has little if anything to do with deciding what people want to consume - this is more akin to Hayek’s argument about the problems of socialism. Mises’ problem is in deciding which series of inputs (capital goods of various orders, different kinds of labour, differen…

Aristippus summed it up perfectly. People spend too much time focusing upon “information” in the calculation debate. Information is an important part of how prices work but this is not the crux of the issue. The simple and self evident problem that brings down any society without a market is this: H…

Thanx everyone for the answers! Aristippus’s answer is pretty much how I imagined the problem more specifically, and hopefully how I will be able to explore it further if my article is allowed a sequel. I like it especially since I’ve read socialist critiques of von Mises that present the problem s…

Also, I actually decided to add the following to the original suggestion, freely based on/borrowed from Aristippus: What combination of inputs (capital, labor, natural resources, time) can efficiently provide consumer goods? Missing a unit for comparing costs, and thus the ability to calculate, cho…

Need feedback on an article about von Mises and the Economic Calculation Problem

Economics Economics Questions

John_James October 19, 2011, 6:01am 7

You might also contact Daniel James Sanchez if you’d like more input. He’s written extensively on Mises. On his blog as well.

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Need feedback on an article about von Mises and the Economic Calculation Problem

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