The economic calculation problem (ECP) is a criticism of using central economic planning as a substitute for market-based allocation of the factors of...

The socialist calculation debate, sometimes known as the economic calculation debate, is a discourse on the subject of how a socialist economy would perform...

Economic Calculation in the Socialist Commonwealth is an article by Austrian School economist Ludwig von Mises. Its critique against economic calculation...

criticized on theoretical grounds, such as in the economic calculation problem and the socialist calculation debate, while others hold that certain historical...

value, marginalism in price theory and the formulation of the economic calculation problem. In the 1970s, the Austrian school attracted some renewed interest...

price mechanism in free markets (see economic calculation problem). In 1935, Hayek published Collectivist Economic Planning, a collection of essays from...

and providing a model of market socialism. He responded to the economic calculation problem proposed by Ludwig von Mises and Friedrich Hayek by claiming...

the problem as the economic calculation problem and local knowledge problem, respectively. These distinct aspects were also present in the economic thought...

neither function on the basis of calculation in natural units nor through solving a system of simultaneous equations for economic coordination. Real-world attempts...

action—and the economic calculation problem, which challenged the feasibility of socialism. In 1920, Mises introduced the Economic Calculation Problem as a critique...

Neurath was the most forceful advocate of physical planning (economic planning using calculation-in-kind) in contrast to market socialist neoclassical economists...

might be described as outcome economic egalitarianism is the Chinese philosophy of agriculturalism which held that the economic policies of a country need...

grounds, such as in the economic calculation problem presented by proponents of the Austrian School as part of the socialist calculation debate, while others...

society Criticism of capitalism Criticism of socialism Economic calculation problem Economic system French Left Left-libertarianism Libertarianism Market...

intended to be useful. In the classic socialist calculation debate, economic calculation was a problem for centrally planned economies. Necessarily the...

enabling each economic decision maker to communicate tacit knowledge or dispersed knowledge to each other, to solve the economic calculation problem. Along with...

mə̌ːi]; transl. "renovation" or "innovation") is the name given to the economic reforms process of Vietnam since late 1986 with the goal of creating a...

it as a reason many socialist economic policies face challenges, particularly concerning the economic calculation problem. On the other hand, Paul Cockshott...

society Criticism of capitalism Criticism of socialism Economic calculation problem Economic system French Left Left-libertarianism Libertarianism Market...

was named in his honour. Hess became reluctant to base all history on economic causes and class struggle (as Marx and Engels did), and he came to see...

Labor-time calculation is a method of economic calculation that uses labor time as the basic unit of accounting and valuation. This method of calculation was...

Ludwig von Mises relies heavily on praxeology in the development of its economic theories. Mises considered economics to be a sub-discipline of praxeology...

the four fundamental economic problems: What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory...

society Criticism of capitalism Criticism of socialism Economic calculation problem Economic system French Left Left-libertarianism Libertarianism Market...

accounting based on calculation-in-kind to value resources and goods. Socialist economics has been associated with different schools of economic thought. Marxian...

starvation. The government yielded to the outcry, and tried to mitigate the problem by dividing people entitled to relief into classes, but this only increased...

primarily related to state socialism is the economic calculation problem, followed by the socialist calculation debate. Socialism portal Mustafa Kemal Atatürk...

social-political-economic theory of historical materialism. Although the term socialism has come to mean specifically a combination of political and economic science...

the limited pre-existing industries were insufficient for sustainable economic growth. The Industrial Policy Resolution of 1956, adopted during the Second...

society Criticism of capitalism Criticism of socialism Economic calculation problem Economic system French Left Left-libertarianism Libertarianism Market...