Can AI Solve the Socialist Calculation Problem?

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Tags: Calculation and Knowledge, Monetary Theory, Other Schools of Thought

03/27/2026 Robert P. Murphy

Bob untangles two arguments that even Austrian economists sometimes conflate: Mises’ calculation problem and Hayek’s knowledge problem. Then, he explains why the distinction matters, especially in light of recent claims that AI and modern computing could finally make central planning viable.

Related:

Bob’s Article, “Socialism: The Calculation Problem Is Not the Knowledge Problem”: Mises.org/HAP543a

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