AI Lacks the Entrepreneurial Intelligence to Plan an Economy
Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur.
Calculation and Knowledge
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The Problem with Public Transit
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.
Economic Calculation Is Nonbinary
Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.
The Economics of Police and the Deep State
Dr. Tate Fegley talks about his lectures from Mises University on policing, AI, and the deep state, and the important topic of economic calculation that connects the three.
What Marxists Say about “Market Socialism”
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.
Do Big Data and AI Solve the Socialist Calculation Problem?
“Our civilization is inseparably linked with our methods of economic calculation."
Calculation and Socialism
In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.
