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Economic Calculation Problem

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The economic calculation problem — Mises's magic trick: "without prices, nobody knows anything, therefore socialism impossible, therefore capitalism forever." Complete bullshit, and Haz doesn't pretend otherwise.

Haz on it

Asked for a pitch against it (INTENSE DEBATES | FBI ATTACK stream):

> "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning."

The faulty premise: coordination requires collapsing everything into one number. But the economy is already centrally coordinated — "the mode of production is already centralized... objectively these supply chains have to all come together somehow from very disparate origins" (MASSIVE DEBATE ROYALE stream). The pencil exists. Somebody coordinated the pencil. It wasn't "the market" — it was capital, and price is just the receipt.

Deeper (WE'RE SO BACK stream): the demand that everything reduce to a single metric is the value-form's own prejudice dressed as mathematics. And historically the USSR had the answer on the drawing board — OGAS, the cybernetic planning network — before politics killed it, not economics (the Lib Discord debate; see Project Cybersyn).

See also

References