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socialist calculation debate  

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  • The socialist calculation debate revolves around the question of whether central planners can, at least in principle, make the economic calculations necessary to achieve the rational, efficient allocation of society's economic resources. In 1920, Ludwig von Mises argued powerfully that such economic calculation cannot be made; economic theory demonstrates that rational central planning is simply impossible. [Source: The Encyclopedia of Libertarianism; Socialist Calculation Debate]

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http://data.loterre.fr/ark:/67375/N9J-Q8RRZ6D5-S

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