1.2. Economic Calculation
![Bureaucracy by Ludwig von Mises](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=pCmu6WaT 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=x12G8Jum 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=O9UgMbLl 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=lDlCYfTN 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=P9JMdR2X 1530w)
The impracticability of all schemes of socialism and central planning is to be seen in the impossibility of any kind of economic calculation under conditions in which there is no private ownership of the means of production and consequently no market prices for these factors.
From Chapter I: “Profit Management”. Narrated by Millian Quinteros.