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Socialism and central banking
As Mises demonstrated in his brilliant essay " Die Wirtshaftsrechnung im sozialistischen Gemeimwesen " ( Economic Calculation in the Socialist Commonwealth ), the crucial failing of socialism is the absence of any pricing mechanism with regard...
Posted:
Tue, Oct 7 2008 8:22 AM
by
jimmy
| with
3 comment(s)
Filed under:
Socialism
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central banking
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economic calculation