Public Goods Viewed through Entrepreneurship
One of the canards of mainstream economics is that only government can provide the "optimum" number of nonrivalrous, or public, goods. Austrian economists have never accepted that theory.
Production Theory
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Do Big Data and AI Solve the Socialist Calculation Problem?
“Our civilization is inseparably linked with our methods of economic calculation."
The Division of Labor and Social Order
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
The Market Process Is Not a Knowledge Problem
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.
The Market Process Is Not a Knowledge Problem
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.
Can Supercomputers Make Socialism Work?
Jonathan Newman joins Bob to critique a recent Twitter argument where some were claiming that supercomputers solved the socialist calculation problem.
