—Murray N. Rothbard, Man, Economy, and State with Power and Market, 2nd ed. of the Scholar's ed. (Auburn, AL: Ludwig von Mises Institute, 2009), 616.
Friday, October 18, 2019
There Can Be No Calculation Problem in the Evenly Rotating Economy (ERE) Because No Calculation There Is Necessary
The proof-by-listing-of-mathematical-equations is no proof at all. It applies, at best, only to the evenly rotating economy. Obviously, our whole discussion of the calculation
problem applies to the real world and to it only. There can be no
calculation problem in the ERE because no calculation there is necessary. Obviously, there is no need to calculate profits and losses
when all future data are known from the beginning and where
there are no profits and losses. In the ERE, the best allocation of
resources proceeds automatically. For Barone to demonstrate
that the calculation difficulty does not exist in the ERE is not a
solution; it is simply a mathematical belaboring of the obvious. The difficulty of calculation applies to the real world only.
—Murray N. Rothbard, Man, Economy, and State with Power and Market, 2nd ed. of the Scholar's ed. (Auburn, AL: Ludwig von Mises Institute, 2009), 616.
—Murray N. Rothbard, Man, Economy, and State with Power and Market, 2nd ed. of the Scholar's ed. (Auburn, AL: Ludwig von Mises Institute, 2009), 616.
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