Mises's Concept of Economic Calculation: The Means by Which Entrepreneurs Adjust the Structure of Production to Accord with Consumer Wants

I argue that Mises’s concept of economic calculation—the means by which entrepreneurs adjust the structure of production to accord with consumer wants—belongs at the forefront of Austrian research into the nature and design of organizations.There is a unique Austrian perspective on economic planning, a perspective developed over the course of the socialist calculation debate.

--Peter G. Klein, "Economic Calculation and the Limits of Organization," in The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Auburn, AL: Ludwig von Mises Institute, 2010), 2.