#calculationproblem search results
The astonishing arrogance and hubris of the central planner knows no bounds. #CalculationProblem #KnowledgeProblem
Karl Marx and Lucille Bluth have much in common. For example, neither can know the real price of anything. #ArrestedDevelopment #CalculationProblem.
Yeah. Doy. "Socialism" #calculationproblem
The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty.
Brilliant economists are saying Hayek was right about the past, but AI changes the game. "The calculation problem? Solved. Modern supercomputers can handle what Soviet planners couldn't." Here's why even smart people are missing something fundamental. 🧵
This is the best explanation of why socialism can’t work. And it all starts with a simple question: what would happen if we had no prices? Produced by @LearnLiberty
The day of the Triffen. zerohedge.com/news/2016-04-0… #EndTheFed #centralplanningfails #calculationproblem
"Police have no rational method of allocating resources. Priorities r set by politics." lewrockwell.com/lrc-blog/polic… #Ferguson #CalculationProblem
It's not an error to say that #socialism, or non-market planning and allocation of resources, has not worked historically, but it reinforces the illusion of it being a fixable problem. The fact is that socialism *cannot* work, which means it never will. #calculationproblem #Mises
Such simple math and you have to recalculate again and again. #calculationproblem
Central planning is an oxymoron. Without prices economic planning cannot take place. #CalculationProblem #Austrian
I'm not sure about that. I think it is something to do with Vulgar Fractions, and the the Ambient Number Recurring...🤔#CalculationProblem #RoughEstimate #Frustration
#FreeMarkets #Capitalism deal efficiently with #CalculationProblem #EconomicCalculation #KnowledgeProblem
Brilliant economists are saying Hayek was right about the past, but AI changes the game. "The calculation problem? Solved. Modern supercomputers can handle what Soviet planners couldn't." Here's why even smart people are missing something fundamental. 🧵
Karl Marx and Lucille Bluth have much in common. For example, neither can know the real price of anything. #ArrestedDevelopment #CalculationProblem.
This is the best explanation of why socialism can’t work. And it all starts with a simple question: what would happen if we had no prices? Produced by @LearnLiberty
#Economics #FailedFakeScience #CalculationProblem von Mises: “In the imaginary construction of a stationary economy the total sum of all entrepreneurs’ profit equals the total sum of all entrepreneurs’ losses.” This is provably false. The axiomatically correct macroeconomic…
@NigelClarkeJa @NationwideRadio could this be the problem some of our teachers and other professionals are having with the new salaries #calculationproblem
The astonishing arrogance and hubris of the central planner knows no bounds. #CalculationProblem #KnowledgeProblem
#Hayek 's knowledge problem critique & #Mises #CalculationProblem critique of socialism are perfectly complementary while they stand on their own against socialism.
They pay far too much attention to Hayek's knowledge problem. The reason socialism and non-market planning is impossible is due to the absence of economic calculation outside of the market price system.
Yeah. Doy. "Socialism" #calculationproblem
Great podcast episode with @bratton a.o. on the problem of calculating ecological and future impact of production into prices. #NowListening #FutureHistories #calculationproblem castbox.fm/x/1YQ2A
Prices are information that dictates in real time where finite resources are best allocated within a society. Socialism ignores that system of quick information dissemination, resulting in unnecessary shortages in some areas & wasteful surpluses in others. #calculationproblem
To destroy any Economy all you have to do is control the prices of all good and service and stop private property. #CalculationProblem and #KnowledgeProblem
(Part 1) How To Destroy The Nigerian Economy by @prof_teealex #NigeriaAt60 link.medium.com/9nbGk8KOdab
The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty.
amazon & facebook analytics solve the “#CalculationProblem” of #Socialism Just-In-Time Production & Demand Prediction are STANDARD BUSINESS PRACTICES now, so CEO’s are irrelevant & if the workers owned all stock,… instagram.com/p/B8zJanaHolD/…
@amazon & @Facebook analytics solve the “#CalculationProblem” of #Socialism 🤷🏾♂️ So there is literally no more rationale for #Capitalism except for psychopathy.
w/o socialism Boaz, you guys at Cato wouldn't wouldn't know what to privatize #calculationProblem
Sounds like they don't fully understand Mises' arguments. Walmart still exists in a world with capital markets, money, competition, etc. versobooks.com/books/2822-peo… #CalculationProblem #Mises @mises #economics #socialism
The astonishing arrogance and hubris of the central planner knows no bounds. #CalculationProblem #KnowledgeProblem
Karl Marx and Lucille Bluth have much in common. For example, neither can know the real price of anything. #ArrestedDevelopment #CalculationProblem.
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