has anybody a recommendation for a modern discussion of the socialist calculation debate?
@fruchtblase Hmm? What is this? :0
@Angle one of the fundamental problems of socialist central planning of the economy is the difficulty of anticipating the demand for every commodity.
in the soviet union there used to be the joke "if its in the stores it is out of fashion" because the state failed to provide the things people wanted/needed because they were unable to predict the demand.
with widely available smart phones you could (maybe) decentralize central planning to avoid this problem.
@Angle oh I forgot to mention what the socialist calculation debate was actually about.
Basically the question is: Can you predict/calculate future demand or is it impossible?