Mises: The Central Planning Problem Explained #history
0:45
YouTubeFoundation for Economic Education
Mises: The Central Planning Problem Explained #history
In 1920, Ludwig von Mises changed the debate on socialism forever. He didn't argue about corruption or laziness; he focused on the "Economic Calculation Problem." Without private property and market prices, how does a planner know what to build, how much to make, or where to send resources? Watch to find out why Mises believed rational economic ...
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