How Much Land Does The Government Own? – ValueWalk Premium

How Much Land Does The Government Own?

How Much Land Does The Government Own

In “Economic Calculation in the Socialist Commonwealth,” Ludwig von Mises challenged the socialists to explain how economic calculation could be performed in a socialist economy absent prices. Mises concluded that economic calculation in a socialist economy is impossible, therefore socialism is impossible.

Mises wasn’t saying that you couldn’t have a socialist society, he was saying that it’s not an economy, in the sense that decision makers are economizing . . .

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