Calculation and Knowledge

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David Gordon

Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented.

Per Bylund

While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.

John Kennedy

Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources.