Calculation and Knowledge

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

When a parent leaves the work force to focus on parenting, this shows up in government stats as lower employment and less consumer spending — suggesting a less productive economy. But that's not what's going on at all.

When a parent leaves the work force to focus on parenting, this shows up in government stats as lower employment and less consumer spending — suggesting a less productive economy. But that's not what's going on at all.

Presented at Mises University 2019.

Mises and Hayek had very different views on the socialist calculation debate and Hayek's contribution merely added confusion.

Pages 17–32 in the text.

Pages 83–116 in the text.

Pages 173–198 in the text.

Pages 33–54 in the text.

Pages 117–150 in the text.