Podcasts about economic calculation

Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no.Original article: https://mises.org/mises-wire/economic-calculation-and-southern-california-beach-girl

Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no.Original article: https://mises.org/mises-wire/economic-calculation-and-southern-california-beach-girl

Jesús Huerta de Soto traces the Austrian school's intellectual roots from the Spanish scholastics to Rothbard, making the case that anarcho-capitalism is the natural endpoint of the classical liberal tradition.The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.Full Text version of the Lecture (Submitted by Prof. Huerta de Soto):Thank you very much to the Mises Institute and Joe Salerno for his kind introduction as well as for inviting me to deliver this “Ludwig von Mises Memorial Lecture” to celebrate the one hundredth anniversary of Murray N. Rothbard's birthday. It is the second time I visit the Mises Institute to deliver this most important lecture: The first one was almost thirty years ago, back in April 1997, when I delivered a lecture on “The Scholastic Roots of the Austrian School”. In this second opportunity I am very happy to have been able to accept Joe's invitation and to come with a very well represented retinue of ten of my colleagues and doctoral students. All of them are teaching as professors or making their research at our more than twenty-year-old Doctoral and Master Programs in Austrian Economics at King Juan Carlos University back in Madrid, and which is the only one officially approved and with full validity inside the whole European Union. You have already had the opportunity to hear from each one of them a detailed description of the so-called “Madrid Austrian Research Hub” and of all the activities we are developing every year, including the 54 Doctoral Theses on Austrian Economics that have been read up to now in our program. And here you have also copies of the English version of our main books published by Routledge, Edward Elgar, and by the Macmillan Austrian Series edited by my Madrid Colleagues, the German professor Philipp Bagus and the Canadian professor Dave Howden. And you will have the unique opportunity to buy these books that, as you know, have a hefty price of almost 100 pounds each one, at the almost “stolen property” and symbolic price of 5 dollars per copy, thanks to the most generous help of the Spanish Jesús Huerta de Soto Foundation that is helping to finance our participation in this important event.And now what I will do in the next forty minutes is to try to summarize not only my main contributions, but also “The Libertarian Vision of the Scientific and Moral Truth” as we see it from our Austrian School Hub in Madrid. And I will do it by focusing on a series of fundamental points.Precisely, the youngest of all sciences, Economics is the one that has provided Humanity with the most important scientific contributionThe first one is that Economics, being the last science to arrive, or as Mises said, "the youngest of all sciences," has nevertheless achieved the milestone of providing Humanity with the most important scientific contribution. For the first time, and thanks to Economic Science, human beings have discovered and understood that voluntary social cooperation, free from all institutional and systematic external coercion, generates a spontaneous order that cannot be designed nor organized by anyone, and that peacefully and without limits drives the prosperity and expansion of Humankind.This transcendental message of Economic Science, on the one hand, resolves the impossible antithesis of attempting to apply, within the realm of interactions carried out by human beings endowed with free will, the manipulative approach of external entities that human beings have no choice but to use, supported by technology and the natural sciences, in order to dominate the subject of the material world. And on the other hand, this is a radically revolutionary message: for the first time, it has been scientifically demonstrated that states, in any of their forms, are neither necessary nor viable; that Society, understood as a process of voluntary human interactions, does not need anyone to govern it, because it regulates and organizes itself spontaneously; and that the attempt to coordinate Society on the basis of social engineering and state coercive commands is impossible, doomed to failure, and gives rise to all kinds of distortions, social conflicts and violence, that continually hinder and block human progress.Economic science is generalized into a complete Theory of Liberty that makes it possible to reinterpret History and promote the expansion of civilizationThe second point is that Economics has been generalized into a whole Theory of Liberty, understood as the most essential attribute and requirement of human nature. Liberty means that all human actions are carried out voluntarily, based on the principle of non-aggression, and free of external coercion or violence imposed and organized from above by the always minority group of human beings who, under whatever title, exercise any kind of political power.Moreover, Economics dismantles and turns upside down the erroneous and biased account of Thomas Hobbes and his followers. Neither was the "state of nature" a terrifying situation, nor did a supposed "social contract" ever exist or was it necessary to create and maintain a State that would impose order and guarantee peace. What happened was precisely the opposite: natural evolution consisted, above all, in the spontaneous discovery of the great advantages provided by voluntary exchanges and peaceful trade. Systematic and generalized violence, war, and terror arose only with the appearance of States, as coercive institutions composed of the most antisocial and violent human beings, who wanted (and still want) to live at the expense of plundering those citizens who earn their living by working and trading peacefully with each other (Oppenheimer, 1926).Thus, Economics, demonstrates that what Étienne de La Boétie named "voluntary servitude", is an anti-human aberration to which human beings have been subjected for centuries. And that it is not necessary to continue with the resigned habit of obeying the State; nor do governments enjoy an aura of prestige (but are literally "stripped" of any attribute of intellectual or moral superiority); nor is the caste—or “praetorian guard”—of intellectuals, “experts”, and acolytes that surround states and rulers to be regarded as untouchable; nor should we allow ourselves to be seduced and deceived by subsidies or perks, whether supposed or real, with which they seek to purchase the will and secure the loyalty of exploited human beings, so that they will consent, voluntarily and permanently, to their exploitation and servitude (De la Boétie, 1975).Economics is the Science developed by the Austrian School of Economics, which should in fact be known as the Spanish School, as it has its origins in the thinking of our scholastics of the Spanish Golden AgeThe third point is that Economic Science has reached its highest level of development thanks to the Austrian School of Economics. As you know, our school is based on the realism of its analytical assumptions, in the dynamic approach based on the entrepreneurial, creative, and coordinating capacity of every human being, and in the study of the spontaneous and self-regulated order of the social process of voluntary human interactions (Huerta de Soto, 2008). The institutional and multidisciplinary approach of the Austrian School is also very relevant. As a result of the spontaneous social process important institutions emerge which, in turn, make it possible and drive it forward: Law and property rights rooted in human nature and discovered and developed spontaneously outside the state; the family, a basic and essential institution, on which the expansion of Humanity is made possible and consolidated; moral principles, which act as a true "automatic pilot" for liberty and which human beings internalize and transmit from generation to generation, thanks to the family and other community or religious institutions; economic institutions, and in particular, money, which also evolves spontaneously outside the State, and which can and should be considered the social institution par excellence, since by overcoming the problems of barter, it enables the exponential multiplication of voluntary exchanges and human interactions, within which the rest of the social, linguistic, moral, legal, economic, and religious institutions are discovered, shaped, and perfected.Our fourth point is that the first theorists of the spontaneous order emerged in the field of law, led by the great jurists of classical Rome. They were the first ones to understand the organic and evolutionary nature of the social process, and so they became, without being aware of it, the first economists. Their tradition was kept alive throughout the Middle Ages thanks to the Catholic Church and, through thinkers such as Saint Thomas Aquinas, Saint Antoninus of Florence, and Saint Bernardino of Siena, eventually came to influence the Spanish scholastics of the sixteenth and seventeenth centuries gathered around the University of Salamanca. As Rothbard demonstrated (Rothbard, 1976) these thinkers of the Spanish Golden Age should be considered the most immediate precedent of the Austrian School of Economics, which, precisely for this reason, should be called the Spanish School of Economics. And in fact, these Spanish scholastics were already able to articulate the following ten essential principles which constitute the theoretical foundation of the Austrian School:Firstly, the subjective theory of value developed by the Bishop of Segovia, Diego de Covarrubias, who as early as 1555 clearly explained that, although the objective nature of wheat is the same in Spain as in America, its price was higher in America because there human beings subjectively valued it much more highly; from this follows the correct relationship between prices and costs set out by Luis Sarabia de la Calle, in the sense that it is market prices that determine costs and not the other way around, as equilibrium theorists mistakenly believe; the Scholastics also realized that equilibrium models and prices lack realism and theoretical meaning because they presuppose a degree of knowledge “so complex that only God, and in no case human beings, could ever acquire it” (in latin “pretium iustum mathematicum licet soli Deo notum”), as already explained by the Jesuit cardinals Juan de Salas in 1617 and Juan de Lugo in 1643, more than three hundred years earlier than Hayek could conclude that “a science which assumes knowledge that can never be acquired is not a Science”; also the dynamic concept of competition is fundamental, understood as a process of rivalry among sellers based on the dynamic conception of market processes developed by Jerónimo Castillo de Bobadilla and Luis de Molina in 1589 and 1597, and that has nothing to do with the static model of "perfect competition" of equilibrium theorists; and also the important contributions of the Spanish Scholastics related with capital theory, business cycles, and the effects of fiduciary media generated by banks; so, particular emphasis should be placed on the rediscovery of the principle of time preference by Martín de Azpilcueta, following what Lessines had already stated in 1285; as well as on the fact that bankers commit mortal sin when they operate with fractional reserves, creating bank deposits as a form of virtual money (or chirographis pecuniarium, as Luis de Molina said in latin) that only exists in their accounting books and distorts the structure of relative prices, creating bubbles and deep economic crises that ultimately "bring everything crashing down," as Saravia de la Calle and Tomás de Mercado so vividly explained in the 16th Century; and in short, the Scholastic's idea that it is impossible to organize society through coercive commands due to lack of the information that would be required to give them coordinating content; as well as the discovery that inflation is a hidden and very harmful tax that arises from an act of tyranny, since it is neither known nor accepted by citizens, which would even justify the assassination of the King according to the theory of tyrannicide, a contribution originally made by the Castilian Comuneros eventually defeated by the tyrant King Charles V in 1521, and developed by Father Juan de Mariana almost a century later [in 1610].This entire line of proto-Austrian scholastic thought also spread throughout the Americas, especially in the newly founded universities of San Marcos in Lima and Mexico City in 1551 where brilliant disciples of these Scholastics, who had studied at the University of Salamanca itself, came to occupy prominent academic positions. Thus, for example, we should mention the cases of Bartolomé Frías de Albornoz in Mexico, and above all the great Juan de Matienzo, who became judge and president of the Royal Audiencia of Charcas and Lima from 1560 onwards (Popescu, 1997).Finally, the doctrine of our scholastics did spread even to North America two centuries later through the books of Juan de Mariana, who greatly influenced Thomas Jefferson and the founding fathers of the United States.However, the southern part of the continent ultimately proved unable to neutralize the wave of growing statism and centralization that first came with the arrivals of the Habsburgs in Spain, and which was intensified even further after the arrival of the Bourbons with Philip V at the beginning of the eighteenth century (Martínez Marina, 1820). How different and much more prosperous and libertarian might the historical evolution of Spain and Latin America have been, had the statist centralism of the Habsburgs and the Bourbons not prevailed, and had the far more libertarian, local, and decentralized traditional representative institutions of the kingdoms of Castile instead remained predominant—institutions that were dismantled, together with Europe's first libertarian revolution, beginning with the defeat of the Castilian Comuneros at Villalar on April 23, 1521 (Leonard Liggio, 2025).The most important and far-reaching contributions of economic scienceLet us now turn, in greater detail, to the most important contributions of Economics, as developed by the Austrian School.First, human cooperation takes place spontaneously, without the need for anyone to organize it coercively from outside. This is so because human beings are endowed with an entrepreneurial and creative capacity that continually drives them to discover the multiple opportunities for profit that arise in their environment. Each of these opportunities embodies a previous discoordination in human behavior that remains latent until it is discovered and overcome by the corresponding entrepreneurial act. This entrepreneurial act always arises from a creative tension and interpretation of events of the outside world that is essentially subjective and, therefore, cannot be reproduced by any artificial intelligence algorithm; in other words, the same objective events can be interpreted in multiple ways, even contradictory ones, without it being possible to postulate which is correct until the corresponding entrepreneurial process is completed in the form of a subjective profit. In any case, every entrepreneurial act involves, firstly, the creation of information that did not exist before (regarding the profit opportunity that arose from the previous discoordination that had gone unnoticed); secondly, the transmission of that knowledge (directly to the parties involved in the entrepreneurial act and indirectly through a series of institutions and signals such as market prices); and third and finally, the coordination of the previous maladjustments takes place when the parties involved learn motu proprio, that is, voluntarily and for their own benefit, to discipline their behavior according to the needs of others (for example, when they discover that they achieve their ends more effectively by specializing and trading peacefully the mutual results of their efforts). The discovery of the essence of this pure entrepreneurial act, with its elements of creation and transmission of information and the spontaneous coordination of the previous maladjustments continually generated by human coexistence, constitutes the most important contribution that Economic Science has provided to Humanity, and explains why the spontaneous process of voluntary social cooperation that drives the multiplication of human beings and the expansion of civilization does not require any statist system of institutional coercion.Another essential contribution of Economics is the concept of Dynamic Efficiency, understood as the process of unlimited expansion of human creativity and entrepreneurial coordination that arises only within a specific institutional framework of moral and legal norms. This framework is the one grounded on the ethical principle according to which every human being has a natural right to appropriate the results of his entrepreneurial creativity; that is, a property right over what one has created and which did not previously exist, which is the most obvious and important human right. For this reason, (dynamic) Efficiency and Morality and Justice (properly understood) cannot be separated one from the other; or, as we might say, they are two sides of the same coin in the sense that only Justice and Morality induce and generate efficiency; and at the same time, what is dynamically efficient in economic terms cannot be neither unjust nor immoral. All of which, on the other hand, demonstrates the integrated order that exists in the social universe, and highlights the three levels of research (theoretical, ethical, and historical) that complement and reinforce with each other and are essential in our search for truth (Huerta de Soto, 2000).Finally, another key contribution of Economic Science is to have demonstrated the impossibility of socialism, or better, the impossibility of statism, in the sense that it is impossible for the State to achieve and coordinate what it promises for the following four reasons:First, because of the enormous volume of information required for such coordination, which the State cannot acquire because it is dispersed in the minds of the eight billion human beings who participate and interact in the social process every day. Second, given the tacit and inarticulate character of this information (and therefore its inability to be transmitted in an objective manner). Third, because the information that is generated is not "given," nor is it static, but instead changes continuously as a result of human creativity, making it impossible to transmit today information that will only be created tomorrow, and which is precisely the information that the organs of State intervention and the so-called “experts” would need today in order to direct society to achieve their objectives tomorrow. And fourth, and above all, because the coercive nature of State commands blocks the entrepreneurial activity of creating the very information which the State organization itself would need in order to give its commands a coordinating content. In sum, the State is always and everywhere violence and coercion; coercion blocks the entrepreneurial act of creation, discovery, and adjustment of discoordinated human behavior, while at the same time preventing the creation of the information and the emergence of free market prices that make economic calculation and social coordination possible. For this reason, statism is not only unnecessary but is also scientifically impossible.The impact of these essential contributions of Economics on the course of social evolution has so far been very limitedAll of these scientific contributions have so far achieved only a very partial, imperfect, and limited impact on the inertia of a social and political reality that has for centuries been characterized by the coercive power of States and rulers, and by the more or less resigned servitude of the citizens. And despite the very limited nature of this impact to date, which at best has materialized in a series of naïve and "liberal" revolutions aimed, with as much arrogance as lack of success, toward the impossible objective of trying to separate and limit the powers of states and rulers through political constitutions and "liberal democracies" (Rothbard, 2009); Humanity has been propelled as never before in those places and historical moments where it has managed, despite everything, to at least partially free itself from the State and open up some of the new channels of liberty shown by the teachings of Economics. Beginning with the Industrial Revolution, which was but the first chapter of the never-completed "Revolution of Liberty" inspired by Economics. And although what has been achieved in terms of prosperity and standard of living by the now eight billion human beings seems relatively significant—and indeed it is—we cannot even conceive of the standard of living and population size that could be achieved if Humanity were able to take full advantage of and fully implement the teachings of Economic Science.We can be few and poor in a context of servitude and submission to the State, or many and wealthy in a context of liberty (Hayek, 1988, p. 133). The globe is practically empty of human beings (the Earth's current population would fit into an area equivalent to that of the state of Alaska, with a population density equal to that of Brussels). And we cannot even imagine the prosperity that could be achieved in a free market daily driven by eighty billion, or even eight hundred billion, human beings. Economics explains and demonstrates that the increasing prosperity of an ever-growing population of human beings never results from deliberate and coercive State plans, nor from the egalitarian income redistribution, nor from increases in public spending, nor from subsidies, debt, or inflation, but only arises from the free market of the capitalist system. This consists of the process of voluntary exchanges among all human beings who, endowed with an innate entrepreneurial and creative capacity, are able to detect and assess, through the system of free prices, the relative urgency and necessity of each good and service, overcoming the relative scarcity of each and satisfying, every day and in the best humanly possible way, the desires and needs of billions of consumers. Entrepreneurs who succeed in this never-ending process of profit-seeking accumulate significant resources, which, in turn, are saved and invested in capital goods and new technologies that make human beings increasingly productive, boosting their wages and standards of living; a virtuous process of continuously expanding prosperity and population growth that, if not coerced or hindered by the State, has no limits.Therefore, it is crucially important for the future of Humanity that it be able to take full and maximum advantage of the lessons and essential message in pursuit of human liberty that Economics provides. But this will only be possible if we are able to unmask and carefully analyze the powerful forces of the pseudoscientific and counterrevolutionary reaction that has been mobilized to prevent the advance of the theory of liberty derived from Economic Science. Despite their diverse origins, they all converge on the same objective: to attempt to justify and preserve State coercion at all costs under the appearance of scientific legitimacy. They are driven by the "fatal conceit" (Hayek, 1988) of many visionaries, thinkers, and supposed "experts" who believe themselves to be clever enough to correct the spontaneous market order, of course, using the violence and coercive power of the State. Together with a privileged caste of rulers, bureaucrats and acolytes, they continually manipulate a Humanity that is sadly accustomed to serving the State. For all of them, it is vital that statism be maintained and that the message of liberty provided by Economics never prevail.Next, we will list the main reactionary pseudoscientific currents that have infiltrated Economic Science like a lethal virus and constitute, in Hayek's terminology, "the counter-revolution of science" (Hayek, 1955).Pseudoscientific reactionary currents opposed to Economic Science. The role played as “useful innocents” by many libertarian economists of the counterrevolutionary mainstreamFirst, positivism and scientism as pseudoscience. By "scientism" we must understand the improper application of the methods of the natural sciences to the field of Economic Science. Thus, while the natural sciences study their object of research as something external, measurable, and quantifiable, Economics studies the implications of the voluntary actions of human beings. And given the essentially creative nature of human beings, the supposed empirical "evidence" has, at best, only a superficial, partial, and always historically contingent value. In Bastiat's words, of "what is seen" —or rather, what is believed to have been seen— but not "what is not seen" (Bastiat, 1995); and at worst, it always entails the assumption, that human beings are an object of research that can be manipulated as the matter of the external world studied by the natural sciences. This inevitably introduces the idea that to improve the world, the State and its rulers must use their coercive power to manipulate and change the things they believe they see in their historically contingent "empirical photos." But these "empirical photos" cannot capture the underlying dynamic essence of spontaneous social processes, let alone what is already happening spontaneously to solve and coordinate every problem. Therefore, it is not surprising that from the very first steps of Economic Science promoted by the Austrian School, its most violent opponents were the "socialists of the chair" gathered around the German Historical School, reinforced in France by the empiricists of the school of Saint-Simon, the insane Comte, and Durkheim, who sought to create a new and alternative pseudoscience of society. And their unhealthy positivist and ultra-empirical influence has persisted to the present day, first through American Institutionalism and later through the massive compilation of empirical data, for example, in the work of Wesley C. Mitchell or Henry Schultz, the latter, as shown by Professor Salerno, having gone on to exert a decisive influence on his assistant Milton Friedman and, through him, even on the Chicago School itself (Salerno, 2023).Secondly, the pseudoscience of neoclassical economics is characterized by its claim that only its own approach constitutes true “science,” that is, the approach based on the principles of equilibrium, maximization, and constancy. Moreover, in addition to the lack of realism of its assumptions, it adds the reductionism of a mathematical language that has developed in response to the needs and demands of the natural sciences, but which is alien to Economic Science because it does not allow for the subjective concept of time or entrepreneurial creativity. Neoclassical economists develop their pseudoscience based not on real human beings of flesh and blood, but on "ideal types" that are like "robotic penguins" who, even in their most sophisticated dynamic stochastic general equilibrium models are limited to moving and reacting to events and State coercion as if they were characters of a sort of economic video game ("videogame economics"). Yet neoclassical pseudoscience, despite its apparent and ever-increasing sophistication, is not capable of accounting for the immense complexity of the real world and rebels against the idea of spontaneous market order in two ways that are equally harmful to human liberty: on the one hand, by promoting the coercive "social engineering" of central banks, States, and governments to use "fine tuning" to force reality toward to the mathematical optimum of their models; and, on the other hand, by labeling as "market failures" everything they believe they observe in reality that does not coincide, in their empirical studies, with their ghostly models of “perfect” equilibrium and adjustment (Milei, 2023); failures that, according to them, refute the "benefits" of the spontaneous order of the market and human liberty, and justify their elimination as soon as possible by a coercive State authority. Note also how neoclassical pseudoscience needs, and feeds upon, the empirical work of the previous pseudoscience, positivism, in order to justify its conclusions against human liberty and in favor of State coercion, so that positivists and neoclassicists join hands and end up reinforcing each other in their reactionary agenda.Third, Keynesianism and macroeconomics as pseudoscience. The very “macro” approach already entails, inevitably, an obvious bias in favor of justifying State intervention, aggression, and coercion against the spontaneous order of the market and human liberty. As F. A. Hayek pointed out in his Nobel Prize acceptance speech in 1974 (Hayek, 1978), macroeconomists ignore everything they cannot measure, specifically truly relevant economic processes and theories. At the same time, they believe that certain aggregate concepts—which lack genuine economic meaning—possess a “real” existence, that permits to collect empirical information or evidence that can be manipulated and statistically treated. Once again, macroeconomic pseudoscience goes hand in hand with positivist pseudoscience, and the two reinforce with each other in their counterrevolutionary reaction. Furthermore, Keynesianism is particularly harmful: not only does it flatly deny the coordinating capacity of creative entrepreneurship and the spontaneous market order, but it also builds as an alternative explanation a whole model—of course—of equilibrium with permanent unemployment, to justify the coercive intervention of the State in the lives of human beings in the form of all kinds of fiscal and monetary manipulations. Moreover, the macroeconomic and Keynesian pseudoscience feeds upon, and is reinforced by, the pseudoscientific approach of the Neoclassical School, to the point that, the so-called "neoclassical Keynesian synthesis" became, throughout the twentieth century, the main reactionary movement inside Economics. Keynesians and macroeconomists thus become the champions of that intoxication with statism, manipulation, and political power which constitutes the framework, orchestrated by governments and central banks, to which we have, regrettably, become accustomed and in which we are forced to live. This context repeatedly destabilizes the spontaneous market order, generates serious financial and economic crises and social conflicts, and continually hampers the prosperity and advance of civilization.We have left the quasi-religious mysticism of Marxist pseudoscience for last, because Marxism was scientifically dead even before it was born: in fact, it emerged with—and was theoretically demolished by—the subjectivist revolution led by the Austrian School of Economics. From the beginning, the Austrian School's development of time preference and capital theory revealed the contradictions and grave scientific errors of Marxism, while at the same time exposing its pronounced character as an intellectual fraud (Böhm-Bawerk, 1949). This intellectual fraud was historically illustrated by the collapse of the Soviet Union, and of virtually all other communist countries, after many decades of unspeakable human suffering for a large part of the world's population, all of which was perfectly consistent with the theory on the impossibility of statism developed by the Austrian School beginning with the von Mises of 1920 (Mises, 1936), and which was the final nail that forever sealed the coffin of the corpse of Marxist pseudoscience (Huerta de Soto, 2010).Finally, in this context, we must mention the destructive role played by a number of distinguished economists who, although they defend liberty and the market economy, could be described as a kind of "useful innocents" in Mises' terminology (Mises, 1947). This is so because, even though they officially oppose rampant statism and defend liberty, by accepting—even if only partially—some of the postulates of the reactionary pseudoscientific currents we have described, they ultimately end up, often without intending to and much to their regret, providing additional impetus to the statist reaction within our discipline; for example, when they insist on advising States with proposals aimed at making them more efficient and at helping them do somewhat better things that they should not be doing at all. By way of illustration, we should include in this category of “useful innocents”, for example, thinkers as the Karl Popper of The Open Society and Its Enemies (Popper, 1966, p. 366), who came to admire the “scientific capacity” and even the “humanism” of Karl Marx, and who proposed a statist strategy of “piecemeal social engineering”; or George Stigler, when he claimed that only empirical evidence could determine which economic system, socialism or capitalism, might function (Stigler, 1975, pp. 1-13); and, more generally, the members of the Chicago School, led by Gary Becker and Milton Friedman. Becker when defending that only economics developed within the strict limits of equilibrium, constancy, and maximization, typical of the neoclassical pseudoscience, constitutes true "economic science." And even more serious could be considered the case of Milton Friedman, whose very sincere love of liberty and intense and popular media support for free markets stand in sharp contrast to his pseudoscientific approach based on the aggregate method of economics of Keynesian origin, on positivist empiricism, and on the full acceptance of the unrealism of assumptions. Only in this way it can be explained Friedman's litany of scientific errors which, much to his regret, have invariably ended up reinforcing statist interventionism, to the point that Hayek himself was forced to conclude that after Keynes's The General Theory, the book that has done the greatest harm to Economic Science has been Friedman's Essays in Positive Economics (Hayek, 1994, pp. 145).The failure of democracy and classical liberalism: the triumph of statismAs we see, many classical liberals and advocates of liberal democracy have also acted as "useful innocents." The fatal error of classical liberals lies in the failure to realize that their program is theoretically impossible, because it incorporates within itself the seeds of its own destruction, precisely to the extent that it considers necessary and accepts the existence of a State (even if it is "minimal") understood as the monopolistic agency of institutional coercion. Therefore, the great error of classical liberals is very basic: they believe in a program of political action and economic doctrine that aims to limit the power of the State, while at the same time accepting it and even considering state's existence necessary. However Economic Science has already shown that the State is unnecessary, that statism (even in its minimal form) is theoretically impossible, and that, given human nature, once the State exists, it is impossible to limit its power. On the other hand, liberal democracy is a concept as naïve as it is impossible. Mises already warned us that democracy could only function if all its participants accepted the classical liberal principles, which is impossible because democracy itself encourages and amplifies vote-buying and the partisan use of power. So, the inevitable conclusion is that "liberal democracy" is a contradiction in terms as absurd as speaking (following Anthony de Jasay) of a “square circle,” of “hot snow,” or of a “virgin prostitute” (A. de Jasay, 1990). And even Hayek considered democracy unworkable if it is understood as the exercise of absolute power by majorities (Kratos in classical Greek). It should therefore come as no surprise that democracy once and again tends to be a perverse system based on lying and buying votes with money stolen through taxation.The fact is that the State attracts like a magnet the worst passions and vices of human nature, for instance, when individuals try to obtain rents produced by others using the State's coercive power. Moreover, the combined effect of the privileged groups, the phenomena of governmental myopia and vote-buying, the megalomaniacal character of politicians, and the irresponsibility and blindness of bureaucracies generate a dangerous, unstable and explosive cocktail, continually shaken by social, economic, and political crises which, paradoxically, are always used by the political caste to justify further doses of intervention and statism that, instead of solving problems, further aggravate them. Statism therefore corrupts the entire social body and at the same time blocks the spontaneous and free market solutions of social and economic problems.In fact, the State has become the "idol" that almost everyone turns to and worships. Statolatry is the most serious and dangerous social disease of our time. We are educated to believe that all problems can and must be detected and solved by the State. Our destiny depends on the State, and the politicians who control it are expected to guarantee everything our well-being may require. Human beings remain immature and rebel against their own creative nature, which makes their future always uncertain. They demand a crystal ball that assures them not only knowing what will happen, but also that any problems that arise will be solved for them. This "infantilization" of the masses is encouraged by politicians, as it justifies their own existence and ensures their popularity, position of dominance, and capacity to control. In addition, a whole legion of intellectuals, so-called "experts," and social engineers join in this arrogant intoxication of power. Not even the Church and the most respectable religious denominations have been able to realize that statolatry today constitutes the principal threat to the free, moral, and responsible human being; that the State is a false idol of immense power, worshipped by all, and that does not allow Humanity to be free from its control or have moral or religious loyalties beyond those the state can dominate. Furthermore, it is kept hidden from the public that the state is the true source of social conflicts and evils, and "scapegoats" (such as "capitalism" or private property) are blamed for the problems, and they become the goal of the most serious condemnations, even from moral and religious leaders, almost none of whom have realized the deception or dared to denounce that statolatry is the main threat in the present century to religion, morality, and, therefore, to human civilization.Perhaps the main exception within the Church is included in the brilliant biography of Jesus of Nazareth written by Benedict XVI. That the State and political power constitute the institutional incarnation of the Antichrist should be obvious to anyone with a minimal knowledge of history who reads the former Pope's considerations on the most serious temptation that the Evil One can present to us (and I quote Ratzinger literally): "The tempter is not so crude as to propose to us directly the worship of the devil. He merely proposes that we opt for the rational solution, that we prefer a planned and organized world in which God may have a place as a private spiritual matter, but must not be allowed to interfere in our essential purposes. Soloviev attributes to the Antichrist a book entitled The Open Road to World Peace and Prosperity; it becomes the new Bible, and its core message is the worship of well-being and rational planning," by the state (Ratzinger, 2007). And so, we should not be surprised that, for example, the great author of The Lord of the Rings, J. R. Tolkien, whose Catholic anarchism I fully share, went so far as to say that he would arrest anyone for simply daring to pronounce the word "State." Because the State is, always and everywhere, a reality of violence and systematic coercion against the most intimate essence of the human being, which is his capacity to act freely, creatively, and spontaneously; and so, it is unavoidable to conclude that the State is essentially immoral and that statism constitutes the principal threat to humankind.A theological digression: the dismantling of statism as a logical necessity inseparable from the work of GodAnd almost without realizing it, we can go ahead with a theological digression on how dismantling the State is a logical and moral necessity inseparable from the work of God. I fully understand that referring to God in this conference may come as a shock to many of those present, but I would ask that even those who do not believe in God, at least for dialectical purposes, make an effort of imagination and, for the next few minutes, imagine that God does indeed exist.And what do we mean by God? We must understand God to be a Supreme Being, Creator out of love for all things. And the most important creature that God has created is precisely the human being: in His image and likeness. And if there is a point of connection between God and man, it is precisely in the creative entrepreneurial ability: the capacity to discover, to see, and to create new things, goals and actions. But now I am going to go one step further and attempt to demonstrate that God is not only the Supreme, loving Creator of all things, but that—moreover—God is libertarian.And what does it mean to say that God is libertarian? It means that God, the Lord of all the Universe, has absolute power over it, and yet He chooses not to use force, but always leaves his creatures free. To the point that He gives human beings the freedom to rebel against Him; even though, again and again, God forgives human beings and allows them to rise up and begin anew.God always lets the universe He has created, flow in a spontaneous manner ("laissez faire, laissez passer, le monde va de lui même" could be the motto of our libertarian God). And this despite the fact that human beings tempt God again and again and demand that He manifest His absolute power, that He give us clear and indisputable signs of His existence and supreme power in order for us to believe in Him. But of course, God does not accept our challenge. Why? Because love and liberty are inseparable, and a forced conversion, for example by an evident cataclysm, would be completely contrary to that liberty with which God has created human beings out of love.Moreover, the Kingdom of God is not of this world; Jesus himself says this to a fearful Roman state official, who was also in charge of judging him: "My kingdom is not of this world." Does this mean that there are two types of kingdoms? The kingdoms of this world or States, which would be legitimate at their own level (remember "render unto Caesar the things that are Caesar's"), and the Kingdom of God, of ("render unto God the things that are God's"). That is the standard interpretation that has prevailed until now, but I think is completely wrong. The Kingdom of God—which is the exact opposite of the kingdoms or States of this world—never makes systematic use of violence and coercion: it is a Kingdom that has already come to us and, moreover, has been given to us freely, in an act of immense mercy and love (Deus caritas est). And just as the hateful institution of slavery came to an end, the Kingdom of God will also dismantle the kingdoms of this world, the states of this world, or as St. Paul said, of every principality, power, and glory (Ephesians 1:21-23), because God is libertarian and man is made in the image and likeness of God.Ludwig von Mises, in his book Interventionism, introduced the term "destructionism" to refer to the economic and social effects of statism. If Evil (represented by statist destructionism in Mises' terminology) were to prevail, the human race and civilization would have disappeared long ago. The fact that, despite everything and the immense power of seduction of statism over humankind, the process of social cooperation continues to unfold and even prosper in certain historical periods and geographical areas, is a clear manifestation that God does not abandon the world nor leave libertarians alone in their struggle against the Evil; and that Good, represented by liberty, the principle of non-aggression, the spontaneous order of the market, entrepreneurial creativity and coordination, and above all, moral principles, always with God's help, prevails and is capable of overcoming Evil, represented by the fatal conceit of the statist ideal and the destruction that it produces.And now I will finish with some thoughts on anarcho-capitalism as the only possible system of social cooperation truly compatible with human natureAnd now I will finish with some thoughts on anarcho-capitalism as the only possible system of social cooperation truly compatible with human nature. The most important intellectual and moral event that is taking place nowadays is the full fusion between Christianity and anarcho-capitalism. Because anarcho-capitalism is the only possible system of social cooperation that is truly compatible with human nature. Anarcho-capitalism is the purest representation of the spontaneous market order in which all services, including law, justice, and public order, are provided through a voluntary process of social cooperation. In this system, no area is closed to the drive of human creativity and entrepreneurial coordination; efficiency and justice in the resolution of problems are simultaneously enhanced, while the conflicts, inefficiencies, and discoordinations generated by the State are eradicated at their root.The progressive abolition of States and their gradual replacement by a dynamic network of private agencies different legal systems, and providing all kinds of prevention and defense services, constitutes the most important social transformation that will take place in the twenty first century. Without forgetting that exactly what prevents us from knowing with precision what the future without the state will look like, the creative nature of entrepreneurship, is what gives us the peace of mind of knowing that any problem will tend to be resolved and overcome, once the entrepreneurial effort and creativity of Humanity are devoted to its solution (Kirzner, 1985).Therefore, the revolution against the “Old Régime” carried out in the eighteenth and nineteenth centuries by the old classical liberals, today finds its natural continuation in the anarcho-capitalist revolution of the twenty-first century. The message of anarcho-capitalism is clearly revolutionary. Revolutionary in terms of its goal: the dismantling of the State and its replacement by a competitive market process consisting of a network of private agencies, associations, and organizations. And revolutionary in terms of its means, especially in the scientific, economic-social, and political fields:a) First, Scientific revolution, in the field of Economic Science, which becomes the general theory of spontaneous market order extended to all social areas. And by contrast and opposition, the theory and analysis of the effects of social discoordination generated by statism in any sphere in which it operates, as well as the study of the transition process from the State towards liberty.b) Second, an Economic and social revolution, as we cannot even imagine today the immense human achievements and discoveries that could be made in an entrepreneurial environment totally free from statism. Today, and despite continuous governmental harassment, an unknown civilization is already developing, with a degree of complexity that is beyond the reach and control of the state, and which will achieve unlimited expansion once it manages to completely rid itself of statism. And when human beings become more and more aware of the perverse nature of the State that restricts them, and of the immense possibilities that are frustrated each day when the State blocks the driving force of their entrepreneurial creativity, the social demand to reform and dismantle the State will multiply creating a future that is largely unknown to us but that will elevate human civilization to heights that we cannot even imagine today.c) And finally, a political revolution in which, although day-to-day political struggle is important, it should not be the top priority. It is true that the least interventionist alternatives must always be supported, in clear alliance with the efforts of classical liberals in their long term impossible democratic limitation of the State (including reforms such as those proposed by Hayek in the third volume of Law, Legislation, and Liberty). But the anarcho-capitalist does not stop at this task, for he knows that he can and must do much more. He knows that the ultimate goal is the total dismantling of the State, and this goal leads all his imagination and political action in everyday life. And here we cannot fail to mention the unprecedented impact of our disciple and follower of our Master Program in Austrian Economics in Madrid, the President of Argentina, Javier Milei, who has done more than anyone else before to disseminate the principles of the Austrian School and the anarcho-capitalist ideal. Principles that he never ceases to quote and explain and defend once and again in all his public appearances, from the United Nations to the Davos Forum; and in all his meetings with other Heads of State, universities, and parliaments, to whom he even gives copies of the most important Austrian works by Mises, Hayek and even myself, as he did, for example, with the two popes, Francis and Leo XIV, with the French President Macron, the Italian Prime Minister Meloni, and even with Elon Musk. For us, it is a great honor that Milei has, to a large extent, emerged from the Austrian School of Madrid and that he continually keeps drawing inspiration from us. This is, without a doubt, much more important than incremental political steps in the right direction—which should of course be welcomed—and that should never fall into a political pragmatism that could betray the ultimate goal of achieving the end of the State (Huerta de Soto, 2010).And all this with tireless enthusiasm in the search for scientific and moral truth, an attitude that, inspired by the immortal work of Miguel de Cervantes, we could describe as follows: "It matters not whether they be giants or windmills, when the plume of our helm is stirred by the winds of tenacity and faith." And always creating a future that, although it may seem distant today, may at any moment witness giant steps that will surprise even the most optimistic among us. History has entered into an accelerated process of change which, although it will never stop, will open a whole new chapter when humankind finally succeeds in ridding itself definitively of the State, reducing it to no more than a dark historical relic of tragic memory.Thank you very much.REFERENCESBASTIAT, Frédéric: Selected Essays on Political Economy, Foundation for Economic Education, New York 1995.DE LA BOÉTIE, Étienne: The Politics of Obedience: The Discourse of Voluntary Servitude, Free Life Editions, Nueva York 1975.BÖHM-BAWERK, Eugen von: Karl Marx and the Close of His System, Augustus M. Kelley, Nueva York 1949."The Exploitation Theory," Capital and Interest, Vol. I: History and Critique of Interest Theories, Libertarian Press, South Holland 1959.HAYEK, Friedrich A. von: The Counter-Revolution of Science, Free Press, New York, 1955.Hayek on Hayek: An Autobiographical Dialogue (eds. Stephen Kresge and Leif Wenar), University of Chicago Press, Chicago 1994.Law, Legislation and Liberty, Vol. III: The Political Order of a Free People, Routledge & Kegan Paul, London 1979.The Fatal Conceit: the Errors of Socialism, The University of Chicago Press, Chicago 1988."The Pretence of Knowledge," in New Studies in Philosophy, Politics, Economics and the History of Ideas, University of Chicago Press, Chicago 1978.HUERTA DE SOTO, Jesús: Socialism, Economic Calculation and Entrepreneurship, Edward Elgar, Cheltenham y Northampton 2010."A Hayekian Strategy to Implement Free Market Reforms," in Theory of Dynamic Efficiency, Routledge, Oxfordshire, 2010.Proyecto Docente, Chapter I: "Ciencia y Economía," Rey Juan Carlos University, Madrid 2000.The Austrian School: Market Order and Creative Entrepreneurship, Edward Elgar, Cheltenham y Northampton 2008.DE JASAY, Anthony: Market Socialism: A Scrutiny, published by the Institute of Economic Affairs, Occasional Paper no. 84, 1990.KIRZNER, Israel: "The Perils of Regulation: A Market Process Approach" in Discovery and the Capitalist Process, University of Chicago Press, 1985.LIGGIO, Leonard: "The Hispanic tradition of Liberty," published in Procesos de Mercado: Revista Europea de Economía Política, vol. XXII, nº 1, Summer 2025, pp. 403-420.MARTÍNEZ MARINA, Francisco: Teoría de las cortes o grandes juntas nacionales de los reinos de León y Castilla, Collado, 1820.MILEI, Javier: Capitalism, Socialism, and the Neoclassical Trap, in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume II (editors Howden, D., Bagus, P.), Palgrave Macmillan, Cham, 2023.MISES, Ludwig von: Socialism: An Economic and Sociological Analysis, Jonathan Cape, London 1936.Planned Chaos, Foundation for Economic Education, Irvington-on-Hudson 1947.OPPENHEIMER, Franz: The State, Vanguard Press, Nueva York 1926.POPESCU, Oreste: Studies in the History of Latin American Economic Thought, Routledge, London 1997.POPPER, Karl: The Open Society and its Enemies, Princeton University Press, Princeton 1966.RATZINGER, Joseph. Jesus of Nazareth: From the Baptism in the Jordan to the Transfiguration. Translated by Adrian J. Walker. Doubleday, New York, 2007.ROTHBARD, Murray N.: "New Light on the Prehistory of the Austrian School," in The Foundations of Modern Austrian Economics (editor Edwin G. Dolan), Sheed and Ward, Kansas City 1976, pp. 52–74.Anatomy of the State, Ludwig von Mises Institute, Auburn 2009.SALERNO, Joseph. "Milton Friedman's Views on Method and Money Reconsidered in Light of the Housing Bubble", in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, (editors Howden, D., Bagus, P.), Palgrave Macmillan, Cham, 2023.STIGLER, George: The Citizen and the State, University of Chicago Press, Chicago, 1975, pp. 1-13.

Rabea Berfelde discusses socialisation, its history and current socialisation movements. Future Histories LIVE. This episode is part of the ‘Future Histories LIVE' format. For this, individual episodes are recoded live – that is, in front of an audience – at irregular intervals. This episode was recorded on August 6th, during the 2025 Rethinking Economics Summer School Switzerland, titled “Economics as Resistance. Heterodox Strategies on Housing, Energy, and Agriculture against the New Right”. Shownotes Rabea at the Center for Social Critique of the Humboldt University Berlin: https://criticaltheoryinberlin.de/people/rabea-berfelde/ the Socialization in Theory and Practice research project: https://criticaltheoryinberlin.de/en/projects/socialization-in-theory-and-practice/ the 2025 Rethinking Economics Summer School Switzerland: https://resuso.ch/ Berfelde, R., & Möller, P. (2025). (Re)-Imagining Housing as an Infrastructure for Social Reproduction. In J. Groos & C. Sorg (Eds.), Creative Construction. Democratic Planning in the 21st Century and Beyond. Bristol University Press. https://bristoluniversitypress.co.uk/creative-construction Berfelde, R. et al. (2024). Für eine Linke mit Plan. Luxemburg. Gesellschaftsanalyse und Linke Praxis. 1/2024. https://zeitschrift-luxemburg.de/artikel/fuer-eine-linke-mit-plan/ Berfelde, R. & Heeg, S. (2024). Struggling with and through Knowledge Production: The Campaign ‘Expropriate Deutsche Wohnen & Co.'s' Attempt at Housing Definancialisation in Berlin. Critical Housing Analysis 11 (1): 105-114. https://www.housing-critical.com/home-page-1/struggling-with-and-through-knowledge-productio Berfelde, R., & Blumenfeld, J. (2024). Von der Vergesellschaftung zur Planung und wieder zurück: Über alte und neue Debatten um Wirtschaftsplanung und Vergesellschaftung. PROKLA. Zeitschrift für Kritische Sozialwissenschaft, 54 (215), 177–193. https://www.prokla.de/index.php/PROKLA/article/view/2119 Berfelde, R., & Möller, P. (2023). Radikaldemokratische Planung der Wohnraumversorgung? Das Vergesellschaftungskonzept von »Deutsche Wohnen & Co. enteignen«. PROKLA. Zeitschrift für Kritische Sozialwissenschaft, 53 (212), 561–577. https://www.prokla.de/index.php/PROKLA/article/view/2049 on the Bavarian Soviet/Council Republic: https://en.wikipedia.org/wiki/Bavarian_Soviet_Republic on the German revolution of 1918-19: https://en.wikipedia.org/wiki/German_revolution_of_1918%E2%80%931919 Backhaus, J., Chaloupek, G., & Frambach, H. A. (2019). The First Socialization Debate (1918) and Early Efforts Towards Socialization. Springer. https://www.springerprofessional.de/the-first-socialization-debate-1918-and-early-efforts-towards-so/16761374 on Otto Neurath: https://en.wikipedia.org/wiki/Otto_Neurath Chaloupek, G. (2007). Otto Neurath's Concepts of Socialization and Economic Calculation and his Socialist Critics. In: Nemeth, E., Schmitz, S.W., Uebel, T.E. (eds.) Otto Neurath's Economics in Context. Vienna Circle Institute Yearbook, vol 13. Springer. https://link.springer.com/chapter/10.1007/978-1-4020-6905-5_4 on Karl Korsch: https://en.wikipedia.org/wiki/Karl_Korsch on Otto Bauer: https://en.wikipedia.org/wiki/Otto_Bauer Meyer, N. (2023). Otto Bauer on the Long Transition to Socialism. Left Notes. https://www.left-notes.com/p/otto-bauer-long-transition-to-socialism on Karl Kautsky: https://en.wikipedia.org/wiki/Karl_Kautsky Vrousalis, N. (2018). Council Democracy and the Socialisation Dilemma. In: Muldoon, J. (ed.) Council Democracy. Towards a Democratic Socialist Politics. Routledge. https://www.taylorfrancis.com/chapters/edit/10.4324/9781351205634-5/council-democracy-socialisation-dilemma-nicholas-vrousalis Blumenfeld, J. (2023). What was socialization? A look back. https://sfb294-eigentum.de/en/blog/what-was-socialization-a-look-back/ Critical Theory Network et al. (2024). 11 Theses on Socialisation. https://criticaltheoryinberlin.de/en/interventions/11-theses-on-socialisation/ Benanav, A. (2025). Beyond Capitalism – 1. New Left Review. 153 May-June 2025. https://newleftreview.org/issues/ii153/articles/aaron-benanav-beyond-capitalism-1 Benanav, A. (2025). Beyond Capitalism – 2. New Left Review. 154 July-August 2025. https://newleftreview.org/issues/ii154/articles/aaron-benanav-beyond-capitalism-2 Muldoon, J. (ed.) (2018). Council Democracy. Towards a Democratic Socialist Politics. Routledge. https://www.taylorfrancis.com/books/edit/10.4324/9781351205634/council-democracy-james-muldoon on Deutsche Wohnen & Co Enteignen (the Berlin Housing Campagin): https://dwenteignen.de/en Hoffrogge, R. (2024). Commons and Constitution: historical and legal roots of the German socialization movement: https://sfb294-eigentum.de/de/blog/commons-and-constitution-historical-and-legal-roots-of-the-german-socialization-movement/ for projects on socialization in different sectors see also: https://communia.de/en/ communia (2024). Socialising Energy. Lessons from radical housing campaigns in Germany. In: Buxton, N. (ed.) (2024). Energy, Power and Transition. Transnational Institute. https://www.tni.org/files/2024-03/State%20of%20Power%202024-web.pdf on the legal assessment of socialising the energy sector in Germany: https://communia.de/energiekonzerne-enteignen-das-geht/ article 15 in the constitution of Germany: https://www.gesetze-im-internet.de/gg/art_15.html for the draft of the socialisation law by the Berlin Housing Campaign see here: https://dwenteignen.de/en/material the Ackersyndikat: https://ackersyndikat.org/ RWE & Co Enteignen: https://rwe-enteignen.de/ Hamburg Enteignet: https://hamburg-enteignet.de/ the socialist calculation debate: https://en.wikipedia.org/wiki/Socialist_calculation_debate the first socialisation conference 2022: https://communia.de/en/project/socialization-conference-october-2022/ the second socialisation conference 2024: https://communia.de/en/project/lets-socialize-socialization-for-climate-justice/ on anti-fascist economics: https://www.exploring-economics.org/en/discover/anti-fascist-economics/ Future Histories Episodes on Related Topics S03E29 | Nancy Fraser on Alternatives to Capitalism https://www.futurehistories.today/episoden-blog/s03/e29-nancy-fraser-on-alternatives-to-capitalism/ S03E19 | Wendy Brown on Socialist Governmentality https://www.futurehistories.today/episoden-blog/s03/e19-wendy-brown-on-socialist-governmentality/ S03E10 | Katharina Keil zu Vergesellschaftung und Transformation https://www.futurehistories.today/episoden-blog/s03/e10-katharina-keil-zu-vergesellschaftung-und-transformation/ S02E57 | Jenny Stupka zum Kampf um Vergesellschaftung https://www.futurehistories.today/episoden-blog/s02/e57-jenny-stupka-zum-kampf-um-vergesellschaftung/ S02E57 | Jenny Stupka zum Kampf um Vergesellschaftung https://www.futurehistories.today/episoden-blog/s02/e57-jenny-stupka-zum-kampf-um-vergesellschaftung/ S02E48 | Heide Lutosch, Christoph Sorg und Stefan Meretz zu Vergesellschaftung und demokratischer Planung https://www.futurehistories.today/episoden-blog/s02/e48-heide-lutosch-christoph-sorg-und-stefan-meretz-zu-vergesellschaftung-und-demokratischer-planung/ S02E29 | Max und Lemon von communia zu Vergesellschaftung und demokratischer Wirtschaft https://www.futurehistories.today/episoden-blog/s02/e29-max-und-lemon-von-communia-zu-vergesellschaftung-und-demokratischer-wirtschaft/ S02E23 | Nina Scholz zu den wunden Punkten von Google, Amazon, Deutsche Wohnen & Co. https://www.futurehistories.today/episoden-blog/s02/e23-nina-scholz-zu-den-wunden-punkten-von-google-amazon-deutsche-wohnen-co/ S03E32 | Jacob Blumenfeld on Climate Barbarism and Managing Decline https://www.futurehistories.today/episoden-blog/s03/e32-jacob-blumenfeld-on-climate-barbarism-and-managing-decline/   --- If you are interested in democratic economic planning, these resources might be of help: Democratic planning – an information website https://www.democratic-planning.com/ Sorg, C. & Groos, J. (eds.)(2025). Rethinking Economic Planning. Competition & Change Special Issue Volume 29 Issue 1. https://journals.sagepub.com/toc/ccha/29/1 Groos, J. & Sorg, C. (2025). Creative Construction - Democratic Planning in the 21st Century and Beyond. Bristol University Press. [for a review copy, please contact: amber.lanfranchi[at]bristol.ac.uk] https://bristoluniversitypress.co.uk/creative-construction International Network for Democratic Economic Planning https://www.indep.network/ Democratic Planning Research Platform: https://www.planningresearch.net/ --- Future Histories Contact & Support If you like Future Histories, please consider supporting us on Patreon: https://www.patreon.com/join/FutureHistories Contact: office@futurehistories.today Twitter: https://twitter.com/FutureHpodcast Instagram: https://www.instagram.com/futurehpodcast/ Mastodon: https://mstdn.social/@FutureHistories English webpage: https://futurehistories-international.com   Episode Keywords #RabeaBerfelde, #JanGroos, #Interview, #FutureHistories, #FutureHistoriesInternational, #futurehistoriesinternational, #FutureHistoriesLive #DemocraticPlanning, #DemocraticEconomicPlanning, #Capitalism #BerlinHousingCampaign, #DWE, #Economics, #Socialism, #Socialisation, #OttoNeurath, #AaronBenanav, #Transition

In this episode, Preston sits down with Chris and Joe to explore how Bitcoin is changing the way we think about corporate treasuries, asset valuation, and investment risk. They dive into the STRIVE report, debate traditional financial models, and propose new frameworks for evaluating assets in a Bitcoin-denominated world. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:58 - How Bitcoin reshapes asset valuation and opportunity cost analysis 10:23 - Why Internal Rate of Return (IRR) is crucial for comparing investments in a Bitcoin world 13:05 - The challenges of applying traditional DCF models to Bitcoin 20:45 - The concept and implications of the equity stability premium 22:59 - How Bitcoin's volatility can be reframed as an asset rather than a liability 26:19 - Why volatility perceptions differ between traditional finance and Bitcoin maximalists 31:08 - How Bitcoin adoption trends impact valuation and investment strategy 08:29 - Preston's personal journey in reevaluating valuation models using Bitcoin 40:46 - Portfolio risk management principles involving Bitcoin and traditional assets 50:06 - Insights from the STRIVE report on future asset valuation frameworks Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Joe's X Account. Chris' X Account. The Strive Report on: The Case for Bitcoin in Corporate Treasuries. The Unchained Report: Repricing the Economy in Bitcoin. Check out all the books mentioned and discussed in our podcast episodes⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Bitcoin Fundamentals Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: SimpleMining Hardblock AnchorWatch Unchained Human Rights Foundation Vanta Indeed Fundrise Onramp reMarkable Shopify Abundant Mines River Financial The Bitcoin Way Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists. Original article: Economic Calculation and the Entrepreneur

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists. Original article: Economic Calculation and the Entrepreneur

Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes. Original Article: "Economic Calculation Is Nonbinary"

Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes. Original Article: "Economic Calculation Is Nonbinary"

Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy. Original Article: "Why Mises's Theory of Economic Calculation Still Is Relevant Today"

Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy. Original Article: "Why Mises's Theory of Economic Calculation Still Is Relevant Today"

Part II: Market, Chapter 7: Economic Calculation How to Think about the Economy: A Primer. Narrated by John Quattrucci.

Part II: Market, Chapter 7: Economic Calculation How to Think about the Economy: A Primer. Narrated by John Quattrucci.

Economic calculation does not constitute thinking, we explore the dogmatism we are all guilty of expounding when sold on life, from purpose to value our avowed religiosity is endemic.

Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness. Original Article: "Economic Calculation and the Great Reset" This Audio Mises Wire is generously sponsored by Christopher Condon. '

Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness. Original Article: "Economic Calculation and the Great Reset" This Audio Mises Wire is generously sponsored by Christopher Condon. '

How do new markets form? When consumers change their tastes and preferences and behaviors, how are the markets to serve them activated? The markets don't yet exist — entrepreneurial action is required to create them. The answer to the question, of course, is that entrepreneurs — real people taking the real business risk to initiate new business experiments — provide the new energy and new initiative to create markets where previously they didn't exist. Jared Wall is one of these creative entrepreneurs, and thchempspot.com is his creation. Key Takeaways and Actionable Insights. Courageous entrepreneurs lead the way into new markets as they are still forming. Entrepreneurs bring the energy that opens new markets and new pathways to economic value. New markets can emerge as the result of changing consumer tastes and preferences, new channels or platforms, new forms of delivery, new technologies or a combination of several catalysts — but the energy, initiative and drive of the entrepreneur is always the necessary ingredient for the ultimate emergence of new value and new market arrangements. New discoveries and new innovations often provide the entrepreneur with market-opening mechanisms. Serving customers in new and different ways doesn't always require new products and services, but it is often the case that the discovery or invention of novel combinations can lead to innovation — that is, new and better experiences for customers that were previously unknown or unavailable or narrowly distributed. In the market for consumable cannabis products, there emerged a new THC variant called Delta 8 THC, a cannabinoid that offered both different product performance and different accessibility. The emergent new ingredient provided the pathway to a whole new market opportunity. Legislation and regulation are complications and barriers in formative markets, but often their ambiguity provides an opening for innovative entry. The courageous entrepreneurs who lead the way into formative markets often encounter legislative and regulatory barriers, since these are static drags on progress and innovation and never keep up with the changes in markets. At the same time, the regulatory thicket can sometimes be useful to the entrepreneur who can cut a new opening others can't imagine. In the market for consumable cannabis products, Delta 8 THC became such a new opening, which was cut when some content in a comprehensive congressional Farm Bill encouraged the commercialization of certain kinds of hemp, of which Delta 8 THC was one of the by-products. Legislators and policy authors can't think about the future the way entrepreneurs can, and they did not envision the future world of innovation they were unlocking. The regulatory maze is an aspect of legislation and regulation — but every maze has an exit path. Innovation in formative markets combines and compounds. Jared Wall launched thchempspot.com to offer Delta 8 THC experiences to consumers. Those who shop at the site find a lot more innovation than just this ingredient. There are multiple new consumable forms for varied experience delivery — gummies, chocolate bars, chewing gum, soft gels, and peanut brittle, among others. Where do these innovations come from? Not from the R&D labs of major corporations, that's for certain. They originate in the creative minds of imaginative entrepreneurs, and they take shape in their experiments and prototypes and willingness to try new things. Will they all be big successes? Of course not. But they will all generate feedback loops of acceptance or non-acceptance, reviews and ratings and experience sharing; they'll contribute to innovation as an ongoing cycle of learning. Society enjoys better choices because entrepreneurs unleash their creativity and don't hold back from experimental designs. Market infrastructure and market institutions can't always keep up with entrepreneurial change, but new supportive services quickly appear to lubricate frictions and provide institutional arbitrage. All commerce needs infrastructure such as payment systems and institutions such as banks, and market formation can sometimes move faster than infrastructure and institutions can adapt. Jared Wall had this experience — PayPal and major banks cut off services because thchempsot.com, while serving legitimate customers with legal products, was deemed a “high risk” business, outside their terms and conditions. Yet, in a quite inspirational way, business services emerge in these situations to navigate around the barriers of poorly adapted institutions. Jared found consultants who offer the service of connecting so-called “high risk” businesses with value-network partners willing to collaborate with them. Jared was quickly able to replace his payment system and banking infrastructure. There was a service interruption, but it was temporary. A new network of mediating services quickly formed to bypass institutional barriers. The creation and sharing of new information is a big part of the innovation equation. Jesus Huerta De SotoJesus Huerta De Soto; Socialism, Economic Calculation, and Entrepreneurship; 2010; Chapter 2, "Entrepreneurship". identifies the creation and sharing of new information as the central activity of entrepreneurs - informing customers of new products and services and new offerings and prices. Entrepreneurs are constantly creating, updating, and improving the information resources they make available to customers. High quality information enhances value. On thchempspot.com, Jared provides information in Q&A form, pull-down menus, and product descriptions. He's self-published an informative e-book that's free on the site, and he publishes an informative newsletter. We can sometimes feel unclear about the value of information, but in formative markets its importance is primary not secondary.

How do new markets form? When consumers change their tastes and preferences and behaviors, how are the markets to serve them activated? The markets don't yet exist — entrepreneurial action is required to create them. The answer to the question, of course, is that entrepreneurs — real people taking the real business risk to initiate new business experiments — provide the new energy and new initiative to create markets where previously they didn't exist. Jared Wall is one of these creative entrepreneurs, and thchempspot.com is his creation. Key Takeaways and Actionable Insights. Courageous entrepreneurs lead the way into new markets as they are still forming. Entrepreneurs bring the energy that opens new markets and new pathways to economic value. New markets can emerge as the result of changing consumer tastes and preferences, new channels or platforms, new forms of delivery, new technologies or a combination of several catalysts — but the energy, initiative and drive of the entrepreneur is always the necessary ingredient for the ultimate emergence of new value and new market arrangements. New discoveries and new innovations often provide the entrepreneur with market-opening mechanisms. Serving customers in new and different ways doesn't always require new products and services, but it is often the case that the discovery or invention of novel combinations can lead to innovation — that is, new and better experiences for customers that were previously unknown or unavailable or narrowly distributed. In the market for consumable cannabis products, there emerged a new THC variant called Delta 8 THC, a cannabinoid that offered both different product performance and different accessibility. The emergent new ingredient provided the pathway to a whole new market opportunity. Legislation and regulation are complications and barriers in formative markets, but often their ambiguity provides an opening for innovative entry. The courageous entrepreneurs who lead the way into formative markets often encounter legislative and regulatory barriers, since these are static drags on progress and innovation and never keep up with the changes in markets. At the same time, the regulatory thicket can sometimes be useful to the entrepreneur who can cut a new opening others can't imagine. In the market for consumable cannabis products, Delta 8 THC became such a new opening, which was cut when some content in a comprehensive congressional Farm Bill encouraged the commercialization of certain kinds of hemp, of which Delta 8 THC was one of the by-products. Legislators and policy authors can't think about the future the way entrepreneurs can, and they did not envision the future world of innovation they were unlocking. The regulatory maze is an aspect of legislation and regulation — but every maze has an exit path. Innovation in formative markets combines and compounds. Jared Wall launched thchempspot.com to offer Delta 8 THC experiences to consumers. Those who shop at the site find a lot more innovation than just this ingredient. There are multiple new consumable forms for varied experience delivery — gummies, chocolate bars, chewing gum, soft gels, and peanut brittle, among others. Where do these innovations come from? Not from the R&D labs of major corporations, that's for certain. They originate in the creative minds of imaginative entrepreneurs, and they take shape in their experiments and prototypes and willingness to try new things. Will they all be big successes? Of course not. But they will all generate feedback loops of acceptance or non-acceptance, reviews and ratings and experience sharing; they'll contribute to innovation as an ongoing cycle of learning. Society enjoys better choices because entrepreneurs unleash their creativity and don't hold back from experimental designs. Market infrastructure and market institutions can't always keep up with entrepreneurial change, but new supportive services quickly appear to lubricate frictions and provide institutional arbitrage. All commerce needs infrastructure such as payment systems and institutions such as banks, and market formation can sometimes move faster than infrastructure and institutions can adapt. Jared Wall had this experience — PayPal and major banks cut off services because thchempsot.com, while serving legitimate customers with legal products, was deemed a “high risk” business, outside their terms and conditions. Yet, in a quite inspirational way, business services emerge in these situations to navigate around the barriers of poorly adapted institutions. Jared found consultants who offer the service of connecting so-called “high risk” businesses with value-network partners willing to collaborate with them. Jared was quickly able to replace his payment system and banking infrastructure. There was a service interruption, but it was temporary. A new network of mediating services quickly formed to bypass institutional barriers. The creation and sharing of new information is a big part of the innovation equation. Jesus Huerta De SotoJesus Huerta De Soto; Socialism, Economic Calculation, and Entrepreneurship; 2010; Chapter 2, "Entrepreneurship". identifies the creation and sharing of new information as the central activity of entrepreneurs - informing customers of new products and services and new offerings and prices. Entrepreneurs are constantly creating, updating, and improving the information resources they make available to customers. High quality information enhances value. On thchempspot.com, Jared provides information in Q&A form, pull-down menus, and product descriptions. He's self-published an informative e-book that's free on the site, and he publishes an informative newsletter. We can sometimes feel unclear about the value of information, but in formative markets its importance is primary not secondary.

How do new markets form? When consumers change their tastes and preferences and behaviors, how are the markets to serve them activated? The markets don't yet exist — entrepreneurial action is required to create them. The answer to the question, of course, is that entrepreneurs — real people taking the real business risk to initiate new business experiments — provide the new energy and new initiative to create markets where previously they didn't exist. Jared Wall is one of these creative entrepreneurs, and thchempspot.com is his creation. Key Takeaways and Actionable Insights. Courageous entrepreneurs lead the way into new markets as they are still forming. Entrepreneurs bring the energy that opens new markets and new pathways to economic value. New markets can emerge as the result of changing consumer tastes and preferences, new channels or platforms, new forms of delivery, new technologies or a combination of several catalysts — but the energy, initiative and drive of the entrepreneur is always the necessary ingredient for the ultimate emergence of new value and new market arrangements. New discoveries and new innovations often provide the entrepreneur with market-opening mechanisms. Serving customers in new and different ways doesn't always require new products and services, but it is often the case that the discovery or invention of novel combinations can lead to innovation — that is, new and better experiences for customers that were previously unknown or unavailable or narrowly distributed. In the market for consumable cannabis products, there emerged a new THC variant called Delta 8 THC, a cannabinoid that offered both different product performance and different accessibility. The emergent new ingredient provided the pathway to a whole new market opportunity. Legislation and regulation are complications and barriers in formative markets, but often their ambiguity provides an opening for innovative entry. The courageous entrepreneurs who lead the way into formative markets often encounter legislative and regulatory barriers, since these are static drags on progress and innovation and never keep up with the changes in markets. At the same time, the regulatory thicket can sometimes be useful to the entrepreneur who can cut a new opening others can't imagine. In the market for consumable cannabis products, Delta 8 THC became such a new opening, which was cut when some content in a comprehensive congressional Farm Bill encouraged the commercialization of certain kinds of hemp, of which Delta 8 THC was one of the by-products. Legislators and policy authors can't think about the future the way entrepreneurs can, and they did not envision the future world of innovation they were unlocking. The regulatory maze is an aspect of legislation and regulation — but every maze has an exit path. Innovation in formative markets combines and compounds. Jared Wall launched thchempspot.com to offer Delta 8 THC experiences to consumers. Those who shop at the site find a lot more innovation than just this ingredient. There are multiple new consumable forms for varied experience delivery — gummies, chocolate bars, chewing gum, soft gels, and peanut brittle, among others. Where do these innovations come from? Not from the R&D labs of major corporations, that's for certain. They originate in the creative minds of imaginative entrepreneurs, and they take shape in their experiments and prototypes and willingness to try new things. Will they all be big successes? Of course not. But they will all generate feedback loops of acceptance or non-acceptance, reviews and ratings and experience sharing; they'll contribute to innovation as an ongoing cycle of learning. Society enjoys better choices because entrepreneurs unleash their creativity and don't hold back from experimental designs. Market infrastructure and market institutions can't always keep up with entrepreneurial change, but new supportive services quickly appear to lubricate frictions and provide institutional arbitrage. All commerce needs infrastructure such as payment systems and institutions such as banks, and market formation can sometimes move faster than infrastructure and institutions can adapt. Jared Wall had this experience — PayPal and major banks cut off services because thchempsot.com, while serving legitimate customers with legal products, was deemed a “high risk” business, outside their terms and conditions. Yet, in a quite inspirational way, business services emerge in these situations to navigate around the barriers of poorly adapted institutions. Jared found consultants who offer the service of connecting so-called “high risk” businesses with value-network partners willing to collaborate with them. Jared was quickly able to replace his payment system and banking infrastructure. There was a service interruption, but it was temporary. A new network of mediating services quickly formed to bypass institutional barriers. The creation and sharing of new information is a big part of the innovation equation. Jesus Huerta De SotoJesus Huerta De Soto; Socialism, Economic Calculation, and Entrepreneurship; 2010; Chapter 2, "Entrepreneurship". identifies the creation and sharing of new information as the central activity of entrepreneurs - informing customers of new products and services and new offerings and prices. Entrepreneurs are constantly creating, updating, and improving the information resources they make available to customers. High quality information enhances value. On thchempspot.com, Jared provides information in Q&A form, pull-down menus, and product descriptions. He's self-published an informative e-book that's free on the site, and he publishes an informative newsletter. We can sometimes feel unclear about the value of information, but in formative markets its importance is primary not secondary.

Wenn Kritik der bestehenden Verhältnisse alleine nicht hinreichend ist, dann braucht es zwingend eine Auseinandersetzung mit den Grundproblemen einer postkapitalistischen Produktionsweise. Kollaborative Podcast-Transkription Wenn ihr Future Histories durch eure Mitarbeit an der kollaborativen Transkription der Episoden unterstützen wollt, dann meldet euch unter: transkription@futurehistories.today FAQ zur kollaborativen Podcast-Transkription: shorturl.at/eL578   Shownotes Heyer, J. 2021. "Demokratie und Planung", in: analyse und kritik, Zeitung für linke Debatte & Praxis, ak 673 (August 2021): https://www.akweb.de/gesellschaft/planwirtschaftdebatte-pat-devine-und-david-laibman-ueber-demokratie-und-planung/ Adaman, F. und P. Devine. 1997. "On the Economic Theory of Socialism". In: New Left Review Nr. 221/1997 (ganzer Artikel online): https://newleftreview.org/issues/i221/articles/fikret-adaman-pat-devine-on-the-economic-theory-of-socialism Devine, P. 2002. "Participatory Planning Through Negotiated Coordination". In: Science & Society, Vol. 66, No. 1.No. 1. New York: Guilford Publications, 72-85: https://guilfordjournals.com/doi/epdfplus/10.1521/siso.66.1.72.21001 Albert, M. 2003: Parecon. Life After Capitalism. London/New York: Verso: https://www.versobooks.com/books/85-parecon Albert, M. und R. Hahnel. 1991. The Political Economy of Participatory Economics. Princeton: Princeton University Press: https://press.princeton.edu/books/paperback/9780691003849/the-political-economy-of-participatory-economics Hahnel, R. 2021. Democratic Economic Planning. New York: Routledge: https://www.routledge.com/Democratic-Economic-Planning/Hahnel/p/book/9781032003320 Albert, M. und R. Hahnel. 2002. "In Defense of Participatory Economics". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 7–21: https://guilfordjournals.com/doi/pdf/10.1521/siso.66.1.7.21015 Campbell, A. 2002. "Democratic Planned Socialism: Feasible Economic Procedures". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 29–42: https://guilfordjournals.com/doi/10.1521/siso.66.1.29.21009 Cockshott, P. und A. Cottrell. 2002. "The Relation Between Economic and Political Instances in the Communist Mode of Production". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 50–64: https://guilfordjournals.com/doi/10.1521/siso.66.1.50.21014 Cockshott, P. und A. Cottrell. 1993. Towards a New Socialism. Nottingham: Russell Press. (ganzes Buch als PDF): http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdf Cockshott, P. und A. Cottrell. 2006. Alternativen aus dem Rechner. Für sozialistische Planung und direkte Demokratie. Köln, PapyRossa Verlag: https://shop.papyrossa.de/Cockshott-W-Paul/Cottrell-Allin-Alternativen-aus-dem-Rechner Laibman, David. 2002. "Democratic Coordination: Towards a Working Socialism For the New Century". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 116–129 (ganzer Artikel als PDF): https://guilfordjournals.com/doi/10.1521/siso.66.1.116.21016 Laibman, D. .2012. Political Economy after Economics. London/New York: Routledge: https://www.routledge.com/Political-Economy-After-Economics-Scientific-Method-and-Radical-Imagination/Laibman/p/book/9781138803060 Science & Society, Vol. 66, No. 1. New York: Guilford Publications: https://guilfordjournals.com/toc/siso/66/1 Lange, O. 1936. „On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71: https://www.jstor.org/preview-page/10.2307/2967660?seq=1 Neurath O. 2005. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer: https://link.springer.com/chapter/10.1007/1-4020-2274-3_14 Wiki zu Friedrich August von Hayek: https://de.wikipedia.org/wiki/Friedrich_August_von_Hayek Hayek, F. A. 2004. Der Weg zur Knechtschaft. Tübingen: Mohr Siebeck: https://www.mohrsiebeck.com/buch/gesammelte-schriften-in-deutscher-sprache-9783161479281?no_cache=1 Hayek, F. A. 2011 [1945]. “The Use of Knowledge in Society”. Mises Daily Articles: https://mises.org/library/use-knowledge-society Hayek, F. A. 2005 [1936]. "Economics and Knowledge". Mises Daily Articles: https://mises.org/library/economics-and-knowledge Hayek, F. A. 1963 [1935]. Collectivist Economic Planning. London: Routledge (ganzer Text als PDF): https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdf Mises, v. L. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (ganzes Buch als PDF): https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdf Wright, E. O. (Hrsg.). 1996. Equal Shares: Making Market Socialism Work. London/New York, Verso: https://www.versobooks.com/books/701-equal-shares Wright, E. O. 2017. Reale Utopien. Berlin: Suhrkamp: https://www.suhrkamp.de/buch/erik-olin-wright-reale-utopien-t-9783518297926 Wright, E.O. 2019. "Mit realen Utopien den Kapitalismus überwinden", in: Klaus Dörre/Christine Schickert: Neosozialismus. München, oekom Verlag: https://www.oekom.de/buch/neosozialismus-9783962381196 Nove, Alec. 2017 [1982]. The Economics of Feasible Socialism. New York: Routledge: https://www.routledge.com/The-Economics-of-Feasible-Socialism/Nove/p/book/9781138163768 Dobb, M. 1935. "Economic Theory and Socialist Economy: A Reply." In: Review of Economic Studies, Vol. 2, No. 2. Oxford, Oxford University Press, 144–151: https://academic.oup.com/restud/article-abstract/2/2/144/1527663 Dobb, M. 1937. Political Economy and Capitalism. London: Routledge and Sons: https://www.routledge.com/Political-Economy-and-Capitalism-Some-Essays-in-Economic-Tradition/Dobb/p/book/9780415751445 János Kornai (Wiki): https://en.wikipedia.org/wiki/J%C3%A1nos_Kornai#Work Allgemeines Gleichgewichtsmodell (Equilibrium der Neoklassik): https://de.wikipedia.org/wiki/Allgemeines_Gleichgewichtsmodell Korsch, Karl. 1919. Was ist Sozialisierung? Ein Porgramm des praktischen Sozialismus.  Hannover: Verlag Freies Deutschland: https://www.praxisphilosophie.de/korsch_sozialisierung.pdf Otto Neurath (Wiki): https://de.wikipedia.org/wiki/Otto_Neurath Léon Walras (Wiki): https://de.wikipedia.org/wiki/L%C3%A9on_Walras Wassily Leontief (Wiki): https://de.wikipedia.org/wiki/Wassily_Leontief Dörre, K. 2021. Die Utopie des Sozialismus. Kompass für eine Nachhaltigkeitsrevolution. Berlin: Matthes & Seitz: https://www.matthes-seitz-berlin.de/buch/die-utopie-des-sozialismus.html Sutterlütti, S. und S. Meretz. 2018. Kapitalismus aufheben. Hamburg: VSA (ganzes Buch als PDF): https://commonism.us/files/Sutterluetti-Meretz_Kapitalismus-aufheben.pdf   Thematisch angrenzende Future Histories Episoden: S02E14 | Jakob Heyer zu Grundproblemen einer postkapitalistischen Produktionsweise (Teil 1): https://www.futurehistories.today/episoden-blog/s02/e14-jakob-heyer-zu-grundproblemen-einer-postkapitalistischen-produktionsweise/ S01E18 | Simon Schaupp zu Kybernetik und radikaler Demokratie: https://www.futurehistories.today/episoden-blog/s01/e18-simon-schaupp-zu-kybernetik-und-radikaler-demokratie/ S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/ S01E38 | Ulrike Herrmann zu kapitalistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e38-ulrike-herrmann-zu-kapitalistischer-planwirtschaft/ S01E39 | Jens Schröter zur Gesellschaft nach dem Geld: https://www.futurehistories.today/episoden-blog/s01/e39-jens-schroeter-zur-gesellschaft-nach-dem-geld/ S01E47 | mit Stefan Meretz zu Commonismus: https://www.futurehistories.today/episoden-blog/s01/e47-stefan-meretz-zu-commonismus/ S01E51 | Timo Daum zur unsichtbaren Hand des Plans: https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/ S01E14 | Harald Welzer zu Kapitalismus, Planwirtschaft & liberaler Demokratie: https://www.futurehistories.today/episoden-blog/s01/e14-interview-mit-harald-welzer-zu-kapitalismus-planwirtschaft-amp-liberaler-demokratie/ S01E58 | Jasper Bernes on Planning and Anarchy: https://www.futurehistories.today/episoden-blog/s01/e58-jasper-bernes-on-planning-and-anarchy/   Wenn euch Future Histories gefällt, dann erwägt doch bitte eine Unterstützung auf Patreon: https://www.patreon.com/join/FutureHistories? Schreibt mir unter office@futurehistories.today und diskutiert mit auf Twitter (#FutureHistories): https://twitter.com/FutureHpodcast oder auf Reddit: https://www.reddit.com/r/FutureHistories/ www.futurehistories.today   Episode Keywords: #JakobHeyer, #JanGroos, #Interview, #Podcast, #FutureHistories, #Planwirtschaft, #distribuierterSozialismus, #freiePlanwirtschaft, #Planungsdebatte, #CalculationDebate, #SocialistCalculationDebate, #Hayek, #Postkapitalismus, #PostkapitalistischeProduktionsweise, #Kommunismus, #Mises, #Sozialismus, #Kapitalismus, #Markt, #Marktsozialismus, #PatDevine, #DavidLaibmann, #Cockshott, #Cybersozialismus, #Dezentralisierung, #HeterodoxeÖkonomie, #PluraleÖkonomie, #Marxismus, #KommunistischeProduktionsweise

Wenn Kritik der bestehenden Verhältnisse alleine nicht hinreichend ist, dann braucht es zwingend eine Auseinandersetzung mit den Grundproblemen einer postkapitalistischen Produktionsweise.   Shownotes Heyer, J. 2021. "Demokratie und Planung", in: analyse und kritik, Zeitung für linke Debatte & Praxis, ak 673 (August 2021): https://www.akweb.de/gesellschaft/planwirtschaftdebatte-pat-devine-und-david-laibman-ueber-demokratie-und-planung/ Adaman, F. und P. Devine. 1997. "On the Economic Theory of Socialism". In: New Left Review Nr. 221/1997 (ganzer Artikel online): https://newleftreview.org/issues/i221/articles/fikret-adaman-pat-devine-on-the-economic-theory-of-socialism Devine, P. 2022. "Participatory Planning Through Negotiated Coordination". In: New Left Review Nr. 221/1997 (ganzer Artikel online): https://guilfordjournals.com/doi/10.1521/siso.66.1.72.21001 Albert, M. 2003: Parecon. Life After Capitalism. London/New York: Verso: https://www.versobooks.com/books/85-parecon Albert, M. und R. Hahnel. 1991. The Political Economy of Participatory Economics. Princeton: Princeton University Press: https://press.princeton.edu/books/paperback/9780691003849/the-political-economy-of-participatory-economics Hahnel, R. 2021. Democratic Economic Planning. New York: Routledge: https://www.routledge.com/Democratic-Economic-Planning/Hahnel/p/book/9781032003320 Albert, M. und R. Hahnel. 2002. "In Defense of Participatory Economics". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 7–21 (ganzer Artikel als PDF): https://guilfordjournals.com/doi/pdf/10.1521/siso.66.1.7.21015 Campbell, A. 2022. "Democratic Planned Socialism: Feasible Economic Procedures". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 29–42 (ganzer Artikel als PDF): https://guilfordjournals.com/doi/10.1521/siso.66.1.29.21009 Cockshott, P. und A. Cottrell. 2022. "The Relation Between Economic and Political Instances in the Communist Mode of Production". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 50–64 (ganzer Artikel als PDF): https://guilfordjournals.com/doi/10.1521/siso.66.1.50.21014 Cockshott, P. und A. Cottrell. 1993. Towards a New Socialism. Nottingham: Russell Press. (ganzes Buch als PDF): http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdf Cockshott, P. und A. Cottrell. 2006. Alternativen aus dem Rechner. Für sozialistische Planung und direkte Demokratie. Köln, PapyRossa Verlag: https://shop.papyrossa.de/Cockshott-W-Paul/Cottrell-Allin-Alternativen-aus-dem-Rechner Laibman, David. 2002. "Democratic Coordination: Towards a Working Socialism For the New Century". In: Science & Society, Vol. 66, No. 1. New York: Guilford Publications, 116–129 (ganzer Artikel als PDF): https://guilfordjournals.com/doi/10.1521/siso.66.1.116.21016 Laibman, D. .2012. Political Economy after Economics. London/New York: Routledge: https://www.routledge.com/Political-Economy-After-Economics-Scientific-Method-and-Radical-Imagination/Laibman/p/book/9781138803060 Science & Society, Vol. 66, No. 1. New York: Guilford Publications: https://guilfordjournals.com/toc/siso/66/1 Lange, O. 1936. „On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71: https://www.jstor.org/preview-page/10.2307/2967660?seq=1 Neurath O. 2005. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer: https://link.springer.com/chapter/10.1007/1-4020-2274-3_14 Wiki zu Friedrich August von Hayek: https://de.wikipedia.org/wiki/Friedrich_August_von_Hayek Hayek, F. A. 2004. Der Weg zur Knechtschaft. Tübingen: Mohr Siebeck: https://www.mohrsiebeck.com/buch/gesammelte-schriften-in-deutscher-sprache-9783161479281?no_cache=1 Hayek, F. A. 2011 [1945]. “The Use of Knowledge in Society”. Mises Daily Articles: https://mises.org/library/use-knowledge-society Hayek, F. A. 2005 [1936]. "Economics and Knowledge". Mises Daily Articles: https://mises.org/library/economics-and-knowledge Hayek, F. A. 1963 [1935]. Collectivist Economic Planning. London: Routledge (ganzer Text als PDF): https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdf Mises, v. L. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (ganzes Buch als PDF): https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdf Wright, E. O. (Hrsg.). 1996. Equal Shares: Making Market Socialism Work. London/New York, Verso: https://www.versobooks.com/books/701-equal-shares Wright, E. O. 2017. Reale Utopien. Berlin: Suhrkamp: https://www.suhrkamp.de/buch/erik-olin-wright-reale-utopien-t-9783518297926 Wright, E.O. 2019. "Mit realen Utopien den Kapitalismus überwinden", in: Klaus Dörre/Christine Schickert: Neosozialismus. München, oekom Verlag: https://www.oekom.de/buch/neosozialismus-9783962381196 Nove, Alec. 2017 [1982]. The Economics of Feasible Socialism. New York: Routledge: https://www.routledge.com/The-Economics-of-Feasible-Socialism/Nove/p/book/9781138163768 Dobb, M. 1935. "Economic Theory and Socialist Economy: A Reply." In: Review of Economic Studies, Vol. 2, No. 2. Oxford, Oxford University Press, 144–151: https://academic.oup.com/restud/article-abstract/2/2/144/1527663 Dobb, M. 1937. Political Economy and Capitalism. London: Routledge and Sons: https://www.routledge.com/Political-Economy-and-Capitalism-Some-Essays-in-Economic-Tradition/Dobb/p/book/9780415751445 Wiki János Kornai https://en.wikipedia.org/wiki/J%C3%A1nos_Kornai#Work Dörre, K. 2021. Die Utopie des Sozialismus. Kompass für eine Nachhaltigkeitsrevolution. Berlin: Matthes & Seitz: https://www.matthes-seitz-berlin.de/buch/die-utopie-des-sozialismus.html Sutterlütti, S. und S. Meretz. 2018. Kpaitalismus aufheben. Hamburg: VSA (ganzes Buch als PDF): https://commonism.us/files/Sutterluetti-Meretz_Kapitalismus-aufheben.pdf   Thematisch angrenzende Future Histories Episoden: S01E18 | Simon Schaupp zu Kybernetik und radikaler Demokratie: https://www.futurehistories.today/episoden-blog/s01/e18-simon-schaupp-zu-kybernetik-und-radikaler-demokratie/ S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/ S01E38 | Ulrike Herrmann zu kapitalistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e38-ulrike-herrmann-zu-kapitalistischer-planwirtschaft/ S01E39 | Jens Schröter zur Gesellschaft nach dem Geld: https://www.futurehistories.today/episoden-blog/s01/e39-jens-schroeter-zur-gesellschaft-nach-dem-geld/   S01E47 | mit Stefan Meretz zu Commonismus: https://www.futurehistories.today/episoden-blog/s01/e47-stefan-meretz-zu-commonismus/ S01E51 | Timo Daum zur unsichtbaren Hand des Plans: https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/ S01E14 | Harald Welzer zu Kapitalismus, Planwirtschaft & liberaler Demokratie: https://www.futurehistories.today/episoden-blog/s01/e14-interview-mit-harald-welzer-zu-kapitalismus-planwirtschaft-amp-liberaler-demokratie/ S01E58 | Jasper Bernes on Planning and Anarchy: https://www.futurehistories.today/episoden-blog/s01/e58-jasper-bernes-on-planning-and-anarchy/   Wenn euch Future Histories gefällt, dann erwägt doch bitte eine Unterstützung auf Patreon: https://www.patreon.com/join/FutureHistories? Schreibt mir unter office@futurehistories.today und diskutiert mit auf Twitter (#FutureHistories): https://twitter.com/FutureHpodcast oder auf Reddit: https://www.reddit.com/r/FutureHistories/ www.futurehistories.today   Episode Keywords: #JakobHeyer, #JanGroos, #Interview, #Podcast, #FutureHistories, #Planwirtschaft, #distribuierterSozialismus, #freiePlanwirtschaft, #Planungsdebatte, #CalculationDebate, #SocialistCalculationDebate, #Hayek, #Postkapitalismus, #PostkapitalistischeProduktionsweise, #Kommunismus, #Mises, #Sozialismus, #Kapitalismus, #Markt, #Marktsozialismus, #PatDevine, #DavidLaibmann, #Cockshott, #Cybersozialismus, #Dezentralisierung, #HeterodoxeÖkonomie, #PluraleÖkonomie, #Marxismus, #KommunistischeProduktionsweise    

One of capitalism's oldest myths is that of the efficiency of the so-called 'free-market' and its superiority to a socialist planned economy. Defending economic planning, this talk responds to the libertarian ideas of the Austrian School of economics, whose 'theories' amount to vitriolic support of the unrestricted rule of capital at the expense of the needs of society. Want to learn more? Adam's article on Marxism vs libertarianism is available in the latest issue of In Defence of Marxism, the theoretical journal of the International Marxist Tendency. Get your copy: https://www.socialist.net/subscribe Get involved with Socialist Appeal today: https://www.linktr.ee/socialistappeal #RevFest2021

Jasper Bernes presents a sharp critique of centralized planning and proposes what he calls: Planarchy.ShownotesJasper Bernes on Twitter:https://twitter.com/outsidadgitatorBernes, Jasper. 2020. "Planning and Anarchy". In South Atlantic Quaterly vol. 119(1): 53-73:https://jasperbernesdotnet.files.wordpress.com/2020/02/1190053.pdf Jasper Bernes' Website:https://jasperbernes.net/Commune Editions Magazine edited by Jasper Bernes, Joshua Clover, and Juliana Spahr:https://communeeditions.com/Bernes, Jasper. 2019. "Between the Devil and the Green New Deal". Commune:https://communemag.com/between-the-devil-and-the-green-new-deal/Bernes, Jasper. 2018. "Communism might last a million years". Commune:https://communemag.com/the-shield-of-utopia/Amadeo Bordiga (Wikipedia):https://en.wikipedia.org/wiki/Amadeo_BordigaGroos, Jan. 2021. "Distributed Planned Economies in the Age of their Technical Feasibility". In BEHEMOTH A Journal on Civilisation vol. 14(2) herausgegeben von Janosik Herder, Felix Maschewski und Anna-Verena Nosthoff: 75-87. (English, extended version of the german book chapter):https://ojs.ub.uni-freiburg.de/behemoth/article/view/1061On the historical socialist calculation debateThe Austrians (selection)Mises, v. Ludwig. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (full book):https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdfHayek, F. A. 2011 [1945]. “The Use of Knowledge in Society”. Mises Daily Articles:https://mises.org/library/use-knowledge-societyHayek, F. A. 2005 [1936]. "Economics and Knowledge". Mises Daily Articles:https://mises.org/library/economics-and-knowledgeHayek, F. A. 1963 [1935]. Collectivist Economic Planning. London: Routledge:https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdfWiki on the Austrian School of Economics:https://en.wikipedia.org/wiki/Austrian_SchoolThe Socialists (selection):Lange, O. 1936. “On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71:https://www.jstor.org/preview-page/10.2307/2967660?seq=1Neurath O. 2005 [1925]. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer:https://link.springer.com/chapter/10.1007/1-4020-2274-3_14Barone, E. 2012. “THE MINISTRY OF PRODUCTION IN THE COLLECTIVIST STATE”. Giornale Degli Economisti e Annali Di Economia, 71(Anno 125)(2/3): 75–112:http://www.jstor.org/stable/43828055D. Dickinson. 1933. “Price Formation in a Socialist Community”. The Economic Journal, Volume 43, Issue 170, 1 June 1933: 237–250:https://academic.oup.com/ej/article-abstract/43/170/237/5267408?redirectedFrom=fulltextMarx, Karl. 1887. "Capital Volume I". marxists.org:https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdfMarx. Karl. 1878. "Capital Volume II". marxists.org:https://www.marxists.org/archive/marx/works/1885-c2/index.htmFree online courses by David Harvey "Reading Marx's Capital":http://davidharvey.org/reading-capital/Other historical voices (selection):Schumpeter, Joseph A. Capitalism. 1976. Socialism and Democracy. London: Routledge. Full book:https://eet.pixel-online.org/files/etranslation/original/Schumpeter,%20Capitalism,%20Socialism%20and%20Democracy.pdfSocialist Calculation Debate 2.0Saros, Daniel E. 2014. Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism. London: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Cockshott, Paul and Allin Cottrell. 2000. Towards a new socialism. Nottingham: Russell Press. Full book:http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdfPhillips, Leigh and Michal Rozworski. 2019. The People's Republic of Walmart. London: Verso:https://www.versobooks.com/books/2822-the-people-s-republic-of-walmartMorozov, Evgeny. 2019. "Digital Socialism?". New Left Review vol. 116/117:https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialismSpufford, Francis. 2010. Red Plenty. London: Faber and Faber. (novel):https://www.goodreads.com/book/show/6481280-red-plentyDyer-Witheford, Nick. 2013. "Red Plenty Platforms". Culture Machine vol. 14:https://culturemachine.net/wp-content/uploads/2019/05/511-1153-1-PB.pdfFuchs, Christina (Hg.). 2020. Communicative Socialism/Digital Socialism. tripleC: Communication, Capitalism & Critique 18 (1): 1-285:https://www.triple-c.at/index.php/tripleC/article/view/1149Phillips, Leigh and Michal Rozworski. 2019. "Yes, a Planned Economy Can Actually Work". Jacobin Magazine:https://www.jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialismMalloy, Michael. 2019. "Economic Planning and Degrowth: How Socialism Survives the 21st Century". New Socialist:https://newsocialist.org.uk/economic-planning-and-degrowth/ Further Future Histories Episodes on related topics:S01E31/32 | Daniel E. Saros on Digital Socialism and the Abolition of Capital (pt. 1 & 2):https://www.futurehistories.today/episoden-blog/s01/e31-daniel-e-saros-on-digital-socialism-and-the-abolition-of-capital-part-1/;https://www.futurehistories.today/episoden-blog/s01/e32-daniel-e-saros-on-digital-socialism-and-the-abolition-of-capital-part-2/S01E44/45 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (pt. 1 & 2):https://www.futurehistories.today/episoden-blog/s01/e44-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-1-2/;https://www.futurehistories.today/episoden-blog/s01/e45-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-2-2/S01E16 | Richard Barbrook on Imaginary Futures:https://www.futurehistories.today/episoden-blog/s01/e16-richard-barbrook-on-imaginary-futures/(German) S01E12 | Daniel Loick zu Anarchismus:https://www.futurehistories.today/episoden-blog/s01/e12-daniel-loick-zu-anarchismus/(German) S01E14 | Harald Welzer zu Kapitalismus, Planwirtschaft & liberaler Demokratie:https://www.futurehistories.today/episoden-blog/s01/e14-interview-mit-harald-welzer-zu-kapitalismus-planwirtschaft-amp-liberaler-demokratie/(German) S01E18 | Simon Schaupp zu Kybernetik und radikaler Demokratie:https://www.futurehistories.today/episoden-blog/s01/e18-simon-schaupp-zu-kybernetik-und-radikaler-demokratie/(German) S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft:https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/(German) S01E38 | Ulrike Herrmann zu kapitalistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e38-ulrike-herrmann-zu-kapitalistischer-planwirtschaft/(German) S01E39 | Jens Schröter zur Gesellschaft nach dem Geld: https://www.futurehistories.today/episoden-blog/s01/e39-jens-schroeter-zur-gesellschaft-nach-dem-geld/(German) S01E51 | Timo Daum zur unsichtbaren Hand des Plans: https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/(German) S01E47 | Stefan Meretz zu Commonismus:https://www.futurehistories.today/episoden-blog/s01/e47-stefan-meretz-zu-commonismus/ If you like Future Histories, you can help with your support on Patreon:https://www.patreon.com/join/FutureHistories?Write me at office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit https://www.reddit.com/r/FutureHistories/www.futurehistories.today Episode Keywords:#FutureHistories, #Podcast, #PlanningandAnarchy, #JasperBernes, #Anarchy, #Anarchismus, #Planwirtschaft, #Society, #Democracy, #Communism, #Planarchy, #SocialistCalculationDebate, #Hayek, #Marx, #KarlMarx, #PlanningDebate, #DanielSaros, #SCD, #Cybernetics, #CyberneticPlannedEconomy, #DigitalSocialism, #Socialism, #Anarchism, #Revolution, #PlannedEconomy 

Jasper Bernes presents a sharp critique of centralized planning and proposes what he calls: Planarchy.ShownotesJasper Bernes on Twitter:https://twitter.com/outsidadgitatorBernes, Jasper. 2020. "Planning and Anarchy". In South Atlantic Quaterly vol. 119(1): 53-73:https://jasperbernesdotnet.files.wordpress.com/2020/02/1190053.pdf Jasper Bernes' Website:https://jasperbernes.net/Commune Editions Magazine edited by Jasper Bernes, Joshua Clover, and Juliana Spahr:https://communeeditions.com/Bernes, Jasper. 2019. "Between the Devil and the Green New Deal". Commune:https://communemag.com/between-the-devil-and-the-green-new-deal/Bernes, Jasper. 2018. "Communism might last a million years". Commune:https://communemag.com/the-shield-of-utopia/Amadeo Bordiga (Wikipedia):https://en.wikipedia.org/wiki/Amadeo_BordigaGroos, Jan. 2021. "Distributed Planned Economies in the Age of their Technical Feasibility". In BEHEMOTH A Journal on Civilisation vol. 14(2) herausgegeben von Janosik Herder, Felix Maschewski und Anna-Verena Nosthoff: 75-87. (English, extended version of the german book chapter):https://ojs.ub.uni-freiburg.de/behemoth/article/view/1061On the historical socialist calculation debateThe Austrians (selection)Mises, v. Ludwig. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (full book):https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdfHayek, F. A. 2011 [1945]. “The Use of Knowledge in Society”. Mises Daily Articles:https://mises.org/library/use-knowledge-societyHayek, F. A. 2005 [1936]. "Economics and Knowledge". Mises Daily Articles:https://mises.org/library/economics-and-knowledgeHayek, F. A. 1963 [1935]. Collectivist Economic Planning. London: Routledge:https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdfWiki on the Austrian School of Economics:https://en.wikipedia.org/wiki/Austrian_SchoolThe Socialists (selection):Lange, O. 1936. “On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71:https://www.jstor.org/preview-page/10.2307/2967660?seq=1Neurath O. 2005 [1925]. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer:https://link.springer.com/chapter/10.1007/1-4020-2274-3_14Barone, E. 2012. “THE MINISTRY OF PRODUCTION IN THE COLLECTIVIST STATE”. Giornale Degli Economisti e Annali Di Economia, 71(Anno 125)(2/3): 75–112:http://www.jstor.org/stable/43828055D. Dickinson. 1933. “Price Formation in a Socialist Community”. The Economic Journal, Volume 43, Issue 170, 1 June 1933: 237–250:https://academic.oup.com/ej/article-abstract/43/170/237/5267408?redirectedFrom=fulltextMarx, Karl. 1887. "Capital Volume I". marxists.org:https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdfMarx. Karl. 1878. "Capital Volume II". marxists.org:https://www.marxists.org/archive/marx/works/1885-c2/index.htmFree online courses by David Harvey "Reading Marx's Capital":http://davidharvey.org/reading-capital/Other historical voices (selection):Schumpeter, Joseph A. Capitalism. 1976. Socialism and Democracy. London: Routledge. Full book:https://eet.pixel-online.org/files/etranslation/original/Schumpeter,%20Capitalism,%20Socialism%20and%20Democracy.pdfSocialist Calculation Debate 2.0Saros, Daniel E. 2014. Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism. London: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Cockshott, Paul and Allin Cottrell. 2000. Towards a new socialism. Nottingham: Russell Press. Full book:http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdfPhillips, Leigh and Michal Rozworski. 2019. The People's Republic of Walmart. London: Verso:https://www.versobooks.com/books/2822-the-people-s-republic-of-walmartMorozov, Evgeny. 2019. "Digital Socialism?". New Left Review vol. 116/117:https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialismSpufford, Francis. 2010. Red Plenty. London: Faber and Faber. (novel):https://www.goodreads.com/book/show/6481280-red-plentyDyer-Witheford, Nick. 2013. "Red Plenty Platforms". Culture Machine vol. 14:https://culturemachine.net/wp-content/uploads/2019/05/511-1153-1-PB.pdfFuchs, Christina (Hg.). 2020. Communicative Socialism/Digital Socialism. tripleC: Communication, Capitalism & Critique 18 (1): 1-285:https://www.triple-c.at/index.php/tripleC/article/view/1149Phillips, Leigh and Michal Rozworski. 2019. "Yes, a Planned Economy Can Actually Work". Jacobin Magazine:https://www.jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialismMalloy, Michael. 2019. "Economic Planning and Degrowth: How Socialism Survives the 21st Century". New Socialist:https://newsocialist.org.uk/economic-planning-and-degrowth/ Further Future Histories Episodes on related topics:S01E31/32 | Daniel E. Saros on Digital Socialism and the Abolition of Capital (pt. 1 & 2):https://www.futurehistories.today/episoden-blog/s01/e31-daniel-e-saros-on-digital-socialism-and-the-abolition-of-capital-part-1/;https://www.futurehistories.today/episoden-blog/s01/e32-daniel-e-saros-on-digital-socialism-and-the-abolition-of-capital-part-2/S01E44/45 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (pt. 1 & 2):https://www.futurehistories.today/episoden-blog/s01/e44-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-1-2/;https://www.futurehistories.today/episoden-blog/s01/e45-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-2-2/S01E16 | Richard Barbrook on Imaginary Futures:https://www.futurehistories.today/episoden-blog/s01/e16-richard-barbrook-on-imaginary-futures/(German) S01E12 | Daniel Loick zu Anarchismus:https://www.futurehistories.today/episoden-blog/s01/e12-daniel-loick-zu-anarchismus/(German) S01E14 | Harald Welzer zu Kapitalismus, Planwirtschaft & liberaler Demokratie:https://www.futurehistories.today/episoden-blog/s01/e14-interview-mit-harald-welzer-zu-kapitalismus-planwirtschaft-amp-liberaler-demokratie/(German) S01E18 | Simon Schaupp zu Kybernetik und radikaler Demokratie:https://www.futurehistories.today/episoden-blog/s01/e18-simon-schaupp-zu-kybernetik-und-radikaler-demokratie/(German) S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft:https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/(German) S01E38 | Ulrike Herrmann zu kapitalistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e38-ulrike-herrmann-zu-kapitalistischer-planwirtschaft/(German) S01E39 | Jens Schröter zur Gesellschaft nach dem Geld: https://www.futurehistories.today/episoden-blog/s01/e39-jens-schroeter-zur-gesellschaft-nach-dem-geld/(German) S01E51 | Timo Daum zur unsichtbaren Hand des Plans: https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/(German) S01E47 | Stefan Meretz zu Commonismus:https://www.futurehistories.today/episoden-blog/s01/e47-stefan-meretz-zu-commonismus/ If you like Future Histories, you can help with your support on Patreon:https://www.patreon.com/join/FutureHistories?Write me at office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit https://www.reddit.com/r/FutureHistories/www.futurehistories.today Episode Keywords:#FutureHistories, #Podcast, #PlanningandAnarchy, #JasperBernes, #Anarchy, #Anarchismus, #Planwirtschaft, #Society, #Democracy, #Communism, #Planarchy, #SocialistCalculationDebate, #Hayek, #Marx, #KarlMarx, #PlanningDebate, #DanielSaros, #SCD, #Cybernetics, #CyberneticPlannedEconomy, #DigitalSocialism, #Socialism, #Anarchism, #Revolution, #PlannedEconomy 

In this episode hosts Ryan Thornton and Joshua are joined by Joshua McHoes to discuss the 2021 anchorage mayoral race. They look at the mayors responses to an Anchorage Daily News Q&A and give their thoughts.   Recommended reading (there is a free audio version too!): Economic Calculation in the Socialist Commonwealth | Mises Institute   Article discussed: Anchorage mayor candidate Q&As: Is taxation in Anchorage too high/about right/too low? - Anchorage Daily News   Patreon: https://www.patreon.com/TarredAndFeather   Like us on Facebook: https://www.facebook.com/TAFCast/   Debates mentioned:   https://www.facebook.com/watch/live/?v=461264998614452&ref=watch_permalink   https://www.facebook.com/AnchorageParkFoundation/videos/270614307758643   https://www.facebook.com/AKYoungRepublicans/videos/2876286332620258   Guest website: AlaskaLP.org

CryptoThe Investor's Podcast (TIP) Podcast Notes Key Takeaways Technology companies turn products and services into information networks, and they become trillion-dollar companies in the processBitcoin is an accretive asset, a store of value, and the world’s first engineered monetary network, and everyone is incentivized to plug into itThink of Bitcoin as a globally accessible, decentralized, banking franchiseInflation defined: “The rate of price appreciation in a basket of goods, services, or assets that you desire to acquire in the future” – Michael SaylorCPI is a basket of cherry-picked deflationary goods. In reality, we have hyperinflation in scarce desirable assetsFor instance, Apple stock doubled in 8 weeks, and Bitcoin is up 400%.“When you buy a bitcoin you are buying a scarce piece of property on a global liquid monetary network” – Michael SaylorCompared to other assets, Bitcoin is liquid, global, fungible, portable, the hardest to produce, and has no property tax“The interest rate is the value of time and so when you turn interest rates negative you are trying to stop time and make it flow in reverse” – Michael SaylorBut consider this, bond investors get destroyed if rates rise, and bonds bleed off value if rates don’t keep dropping, till the bubble collapsesCentral bank buying assets is a nice way to say print public money to support things that no rational individual would buy. In the process, nationalization takes over and market mechanisms break down“The Road to Serfdom consists of working exponentially harder in order to earn a currency growing exponentially weaker” – Michael SaylorThe answer: Sweep your cash flows into bitcoin. Even better, the yearly income from bitcoin’s growth will quickly surpass your business revenueIn order to preserve value, companies either leverage up to buy back stock, or they perform risky acquisitionsEven riskier, companies combine these 2 ways, “I borrow money to buy another company”Read the full notes @ podcastnotes.orgIn this episode, you'll learn:How Michael Saylor defines Inflation, risk premiums and hurdle ratesThe fundamentals of MicrostrategyWhy he's putting Bitcoin on his balance sheetWhy he issued convertible debt to buy more bitcoinHow other companies will likely follow suitBOOKS AND RESOURCES MENTIONED IN THIS EPISODEMichael Saylor's twitterMichael Saylor's company MicroStrategyMichael Saylor's non-profit free education site: Saylor AcademyMichael Saylor's Bitcoin website: Hope.comGet a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.Capital One. This is Banking Reimagined. What’s in your wallet?Join OurCrowd's investment in BlueGreen Water Technologies today.Elevate your writing with 20% off Grammarly Premium.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.

In this episode, you'll learn:How Michael Saylor defines Inflation, risk premiums and hurdle ratesThe fundamentals of MicrostrategyWhy he's putting Bitcoin on his balance sheetWhy he issued convertible debt to buy more bitcoinHow other companies will likely follow suitBOOKS AND RESOURCES MENTIONED IN THIS EPISODEMichael Saylor's twitterMichael Saylor's company MicroStrategyMichael Saylor's non-profit free education site: Saylor AcademyMichael Saylor's Bitcoin website: Hope.comGet a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.Capital One. This is Banking Reimagined. What’s in your wallet?Join OurCrowd's investment in BlueGreen Water Technologies today.Elevate your writing with 20% off Grammarly Premium.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.

We continue reading Human Action!

Part 2 of the in depth interview with Daniel E Saros. While many are unsatisfied with capitalism and critique it in highly sophisticated ways, there are few concrete proposals for a socialist mode of production that could replace the capitalist one. Daniel E. Saros has developed such a proposal in his book "Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism" which we discuss at length over the course of two episodes.ShownotesInformation on and works by Daniel E. SarosDaniel E. Saros at Valparaiso University:https://www.valpo.edu/economics/about/faculty-and-staff/daniel-e-saros/Saros, E. Daniel. 2014. Information Technology and Socialist Construction. The End of Capital and the Transition to Socialism. Oxfordshire: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Saros, E. Daniel. 2019. "Information Technology and the Socialist Mode of Production: A Simulation of the Point Allocation System". Preprint. Annual Meeting of American Economic Association 2020 (zuletzt aufgerufen Dezember 2020):https://www.aeaweb.org/conference/2020/preliminary/paper/YhNBnTehSelected works:https://works.bepress.com/daniel-saros/ On the historical socialist calculation debateThe Austrians (selection)Mises, v. Ludwig. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (full book):https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdfHayek, F. A. 2011. “The Use of Knowledge in Society”. Mises Daily Articles:https://mises.org/library/use-knowledge-societyHayek, F. A. 2005. "Economics and Knowledge". Mises Daily Articles:https://mises.org/library/economics-and-knowledgeHayek, F. A. 1963. Collectivist Economic Planning. London: Routledge:https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdfWiki on the Austrian School of Economics:https://en.wikipedia.org/wiki/Austrian_SchoolThe Socialists (selection):Lange, O. 1936. “On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71:https://www.jstor.org/preview-page/10.2307/2967660?seq=1Neurath O. 2005. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer:https://link.springer.com/chapter/10.1007/1-4020-2274-3_14Barone, E. 2012. “THE MINISTRY OF PRODUCTION IN THE COLLECTIVIST STATE”. Giornale Degli Economisti e Annali Di Economia, 71(Anno 125)(2/3): 75–112:http://www.jstor.org/stable/43828055D. Dickinson. 1933. “Price Formation in a Socialist Community”. The Economic Journal, Volume 43, Issue 170, 1 June 1933: 237–250:https://academic.oup.com/ej/article-abstract/43/170/237/5267408?redirectedFrom=fulltextMarx, Karl. 1887. "Capital Volume I". marxists.org:https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdfMarx. Karl. 1878. "Capital Volume II". marxists.org:https://www.marxists.org/archive/marx/works/1885-c2/index.htmFree online courses by David Harvey "Reading Marx's Capital":http://davidharvey.org/reading-capital/Other historical voices (selection):Schumpeter, Joseph A. Capitalism. 1976. Socialism and Democracy. London: Routledge. Full book:https://eet.pixel-online.org/files/etranslation/original/Schumpeter,%20Capitalism,%20Socialism%20and%20Democracy.pdfSocialist Calculation Debate 2.0Saros, Daniel E. 2014. Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism. London: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Cockshott, Paul and Allin Cottrell. 2000. Towards a new socialism. Nottingham: Russell Press. Full book:http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdfPhillips, Leigh and Michal Rozworski. 2019. The People's Republic of Walmart. London: Verso:https://www.versobooks.com/books/2822-the-people-s-republic-of-walmartMorozov, Evgeny. 2019. "Digital Socialism?". New Left Review vol. 116/117:https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialismSpufford, Francis. 2010. Red Plenty. London: Faber and Faber. (novel):https://www.goodreads.com/book/show/6481280-red-plentyDyer-Witheford, Nick. 2013. "Red Plenty Platforms". Culture Machine vol. 14:https://culturemachine.net/wp-content/uploads/2019/05/511-1153-1-PB.pdfFuchs, Christina (Hg.). 2020. Communicative Socialism/Digital Socialism. tripleC: Communication, Capitalism & Critique 18 (1): 1-285:https://www.triple-c.at/index.php/tripleC/article/view/1149Phillips, Leigh and Michal Rozworski. 2019. "Yes, a Planned Economy Can Actually Work". Jacobin Magazine:https://www.jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialismMalloy, Michael. 2019. "Economic Planning and Degrowth: How Socialism Survives the 21st Century". New Socialist:https://newsocialist.org.uk/economic-planning-and-degrowth/ additional shownotesWiki Ayn Rand:https://en.wikipedia.org/wiki/Ayn_RandCurtis, Adam. 2011. All watched over by machines of loving grace. London: BBC:https://www.dailymotion.com/video/x60xjdlWiki on "zero-knowledge proofs":https://en.wikipedia.org/wiki/Zero-knowledge_proofWilloughby, John. 2017. “Book Review: Information Technology and Socialist Construction: The End of Capital and the Transition to Socialism”. In Review of Radical Political Economics vol. 50(2): 427- 443:https://journals.sagepub.com/doi/pdf/10.1177/0486613416665833Redecker, v. Eva.  "Refiguring Revolution. A new Theory of Radical Change". Essay. Academia.edu (zuletzt abgerufen Dezember 2021):https://www.academia.edu/39903778/Refiguring_Revolution._A_Critical_Theory_of_Social_Transformation_introduction_and_content_table_transl._by_Lucy_Duggan_Hahnel, Robin und Michael Albert. 1991. The Political Economy of Participatory Economics. Princeton: Princeton University Press:https://press.princeton.edu/books/paperback/9780691003849/the-political-economy-of-participatory-economicsIf you like Future Histories, you can support the show on Patreon:https://www.patreon.com/join/FutureHistories?Write me via office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit https://www.reddit.com/r/FutureHistories/www.futurehistories.today Episode Keywords:#DanielSaros, #JanGroos, #Interview, #FutureHistories, #Podcast, #DigitalSocialism, #AbschaffungDesKapitalismus, #Kapital, #Kapitalismus, #SocialistCalculationDebate, #Planwirtschaft, #politischeÖkonomie, #pluraleÖkonomik, #Sozialismus, #Geldpolitik

Part 2 of the in depth interview with Daniel E Saros. While many are unsatisfied with capitalism and critique it in highly sophisticated ways, there are few concrete proposals for a socialist mode of production that could replace the capitalist one. Daniel E. Saros has developed such a proposal in his book "Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism" which we discuss at length over the course of two episodes.ShownotesInformation on and works by Daniel E. SarosDaniel E. Saros at Valparaiso University:https://www.valpo.edu/economics/about/faculty-and-staff/daniel-e-saros/Saros, E. Daniel. 2014. Information Technology and Socialist Construction. The End of Capital and the Transition to Socialism. Oxfordshire: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Saros, E. Daniel. 2019. "Information Technology and the Socialist Mode of Production: A Simulation of the Point Allocation System". Preprint. Annual Meeting of American Economic Association 2020 (zuletzt aufgerufen Dezember 2020):https://www.aeaweb.org/conference/2020/preliminary/paper/YhNBnTehSelected works:https://works.bepress.com/daniel-saros/ On the historical socialist calculation debateThe Austrians (selection)Mises, v. Ludwig. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (full book):https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdfHayek, F. A. 2011. “The Use of Knowledge in Society”. Mises Daily Articles:https://mises.org/library/use-knowledge-societyHayek, F. A. 2005. "Economics and Knowledge". Mises Daily Articles:https://mises.org/library/economics-and-knowledgeHayek, F. A. 1963. Collectivist Economic Planning. London: Routledge:https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdfWiki on the Austrian School of Economics:https://en.wikipedia.org/wiki/Austrian_SchoolThe Socialists (selection):Lange, O. 1936. “On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71:https://www.jstor.org/preview-page/10.2307/2967660?seq=1Neurath O. 2005. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer:https://link.springer.com/chapter/10.1007/1-4020-2274-3_14Barone, E. 2012. “THE MINISTRY OF PRODUCTION IN THE COLLECTIVIST STATE”. Giornale Degli Economisti e Annali Di Economia, 71(Anno 125)(2/3): 75–112:http://www.jstor.org/stable/43828055D. Dickinson. 1933. “Price Formation in a Socialist Community”. The Economic Journal, Volume 43, Issue 170, 1 June 1933: 237–250:https://academic.oup.com/ej/article-abstract/43/170/237/5267408?redirectedFrom=fulltextMarx, Karl. 1887. "Capital Volume I". marxists.org:https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdfMarx. Karl. 1878. "Capital Volume II". marxists.org:https://www.marxists.org/archive/marx/works/1885-c2/index.htmFree online courses by David Harvey "Reading Marx's Capital":http://davidharvey.org/reading-capital/Other historical voices (selection):Schumpeter, Joseph A. Capitalism. 1976. Socialism and Democracy. London: Routledge. Full book:https://eet.pixel-online.org/files/etranslation/original/Schumpeter,%20Capitalism,%20Socialism%20and%20Democracy.pdfSocialist Calculation Debate 2.0Saros, Daniel E. 2014. Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism. London: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Cockshott, Paul and Allin Cottrell. 2000. Towards a new socialism. Nottingham: Russell Press. Full book:http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdfPhillips, Leigh and Michal Rozworski. 2019. The People's Republic of Walmart. London: Verso:https://www.versobooks.com/books/2822-the-people-s-republic-of-walmartMorozov, Evgeny. 2019. "Digital Socialism?". New Left Review vol. 116/117:https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialismSpufford, Francis. 2010. Red Plenty. London: Faber and Faber. (novel):https://www.goodreads.com/book/show/6481280-red-plentyDyer-Witheford, Nick. 2013. "Red Plenty Platforms". Culture Machine vol. 14:https://culturemachine.net/wp-content/uploads/2019/05/511-1153-1-PB.pdfFuchs, Christina (Hg.). 2020. Communicative Socialism/Digital Socialism. tripleC: Communication, Capitalism & Critique 18 (1): 1-285:https://www.triple-c.at/index.php/tripleC/article/view/1149Phillips, Leigh and Michal Rozworski. 2019. "Yes, a Planned Economy Can Actually Work". Jacobin Magazine:https://www.jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialismMalloy, Michael. 2019. "Economic Planning and Degrowth: How Socialism Survives the 21st Century". New Socialist:https://newsocialist.org.uk/economic-planning-and-degrowth/ additional shownotesWiki Ayn Rand:https://en.wikipedia.org/wiki/Ayn_RandCurtis, Adam. 2011. All watched over by machines of loving grace. London: BBC:https://www.dailymotion.com/video/x60xjdlWiki on "zero-knowledge proofs":https://en.wikipedia.org/wiki/Zero-knowledge_proofWilloughby, John. 2017. “Book Review: Information Technology and Socialist Construction: The End of Capital and the Transition to Socialism”. In Review of Radical Political Economics vol. 50(2): 427- 443:https://journals.sagepub.com/doi/pdf/10.1177/0486613416665833Redecker, v. Eva.  "Refiguring Revolution. A new Theory of Radical Change". Essay. Academia.edu (zuletzt abgerufen Dezember 2021):https://www.academia.edu/39903778/Refiguring_Revolution._A_Critical_Theory_of_Social_Transformation_introduction_and_content_table_transl._by_Lucy_Duggan_Hahnel, Robin und Michael Albert. 1991. The Political Economy of Participatory Economics. Princeton: Princeton University Press:https://press.princeton.edu/books/paperback/9780691003849/the-political-economy-of-participatory-economicsIf you like Future Histories, you can support the show on Patreon:https://www.patreon.com/join/FutureHistories?Write me via office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit https://www.reddit.com/r/FutureHistories/www.futurehistories.today Episode Keywords:#DanielSaros, #JanGroos, #Interview, #FutureHistories, #Podcast, #DigitalSocialism, #AbschaffungDesKapitalismus, #Kapital, #Kapitalismus, #SocialistCalculationDebate, #Planwirtschaft, #politischeÖkonomie, #pluraleÖkonomik, #Sozialismus, #Geldpolitik

Part 1 of the in depth interview with Daniel E Saros. While many are unsatisfied with capitalism and critique it in highly sophisticated ways, there are few concrete proposals for a socialist mode of production that could replace the capitalist one. Daniel E. Saros has developed such a proposal in his book "Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism" which we discuss at length over the course of two episodes.ShownotesInformation on and works by Daniel E. SarosDaniel E. Saros at Valparaiso University:https://www.valpo.edu/economics/about/faculty-and-staff/daniel-e-saros/Saros, E. Daniel. 2014. Information Technology and Socialist Construction. The End of Capital and the Transition to Socialism. Oxfordshire: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Saros, E. Daniel. 2019. "Information Technology and the Socialist Mode of Production: A Simulation of the Point Allocation System". Preprint. Annual Meeting of American Economic Association 2020 (zuletzt aufgerufen Dezember 2020):https://www.aeaweb.org/conference/2020/preliminary/paper/YhNBnTehSelected works:https://works.bepress.com/daniel-saros/ On the historical socialist calculation debateThe Austrians (selection)Mises, v. Ludwig. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (full book):https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdfHayek, F. A. 2011. “The Use of Knowledge in Society”. Mises Daily Articles:https://mises.org/library/use-knowledge-societyHayek, F. A. 2005. "Economics and Knowledge". Mises Daily Articles:https://mises.org/library/economics-and-knowledgeHayek, F. A. 1963. Collectivist Economic Planning. London: Routledge:https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdfWiki on the Austrian School of Economics:https://en.wikipedia.org/wiki/Austrian_SchoolThe Socialists (selection):Lange, O. 1936. “On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71:https://www.jstor.org/preview-page/10.2307/2967660?seq=1Neurath O. 2005. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer:https://link.springer.com/chapter/10.1007/1-4020-2274-3_14Barone, E. 2012. “THE MINISTRY OF PRODUCTION IN THE COLLECTIVIST STATE”. Giornale Degli Economisti e Annali Di Economia, 71(Anno 125)(2/3): 75–112:http://www.jstor.org/stable/43828055D. Dickinson. 1933. “Price Formation in a Socialist Community”. The Economic Journal, Volume 43, Issue 170, 1 June 1933: 237–250:https://academic.oup.com/ej/article-abstract/43/170/237/5267408?redirectedFrom=fulltextMarx, Karl. 1887. "Capital Volume I". marxists.org:https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdfMarx. Karl. 1878. "Capital Volume II". marxists.org:https://www.marxists.org/archive/marx/works/1885-c2/index.htmFree online courses by David Harvey "Reading Marx's Capital":http://davidharvey.org/reading-capital/Other historical voices (selection):Schumpeter, Joseph A. Capitalism. 1976. Socialism and Democracy. London: Routledge. Full book:https://eet.pixel-online.org/files/etranslation/original/Schumpeter,%20Capitalism,%20Socialism%20and%20Democracy.pdfSocialist Calculation Debate 2.0Saros, Daniel E. 2014. Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism. London: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Cockshott, Paul and Allin Cottrell. 2000. Towards a new socialism. Nottingham: Russell Press. Full book:http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdfPhillips, Leigh and Michal Rozworski. 2019. The People's Republic of Walmart. London: Verso:https://www.versobooks.com/books/2822-the-people-s-republic-of-walmartMorozov, Evgeny. 2019. "Digital Socialism?". New Left Review vol. 116/117:https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialismSpufford, Francis. 2010. Red Plenty. London: Faber and Faber. (novel):https://www.goodreads.com/book/show/6481280-red-plentyDyer-Witheford, Nick. 2013. "Red Plenty Platforms". Culture Machine vol. 14:https://culturemachine.net/wp-content/uploads/2019/05/511-1153-1-PB.pdfFuchs, Christina (Hg.). 2020. Communicative Socialism/Digital Socialism. tripleC: Communication, Capitalism & Critique 18 (1): 1-285:https://www.triple-c.at/index.php/tripleC/article/view/1149Phillips, Leigh and Michal Rozworski. 2019. "Yes, a Planned Economy Can Actually Work". Jacobin Magazine:https://www.jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialismMalloy, Michael. 2019. "Economic Planning and Degrowth: How Socialism Survives the 21st Century". New Socialist:https://newsocialist.org.uk/economic-planning-and-degrowth/ additional shownotesWiki Ayn Rand:https://en.wikipedia.org/wiki/Ayn_RandCurtis, Adam. 2011. All watched over by machines of loving grace. London: BBC:https://www.dailymotion.com/video/x60xjdlWiki on "zero-knowledge proofs":https://en.wikipedia.org/wiki/Zero-knowledge_proofWilloughby, John. 2017. “Book Review: Information Technology and Socialist Construction: The End of Capital and the Transition to Socialism”. In Review of Radical Political Economics vol. 50(2): 427- 443:https://journals.sagepub.com/doi/pdf/10.1177/0486613416665833Redecker, v. Eva.  "Refiguring Revolution. A new Theory of Radical Change". Essay. Academia.edu (zuletzt abgerufen Dezember 2021):https://www.academia.edu/39903778/Refiguring_Revolution._A_Critical_Theory_of_Social_Transformation_introduction_and_content_table_transl._by_Lucy_Duggan_Hahnel, Robin und Michael Albert. 1991. The Political Economy of Participatory Economics. Princeton: Princeton University Press:https://press.princeton.edu/books/paperback/9780691003849/the-political-economy-of-participatory-economicsIf you like Future Histories, you can support the show on Patreon:https://www.patreon.com/join/FutureHistories?Write me via office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit https://www.reddit.com/r/FutureHistories/www.futurehistories.today Episode Keywords:#DanielSaros, #JanGroos, #Interview, #FutureHistories, #Podcast, #DigitalSocialism, #AbschaffungDesKapitalismus, #Kapital, #Kapitalismus, #SocialistCalculationDebate, #Planwirtschaft, #politischeÖkonomie, #pluraleÖkonomik, #Sozialismus, #Geldpolitik 

Part 1 of the in depth interview with Daniel E Saros. While many are unsatisfied with capitalism and critique it in highly sophisticated ways, there are few concrete proposals for a socialist mode of production that could replace the capitalist one. Daniel E. Saros has developed such a proposal in his book "Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism" which we discuss at length over the course of two episodes.ShownotesInformation on and works by Daniel E. SarosDaniel E. Saros at Valparaiso University:https://www.valpo.edu/economics/about/faculty-and-staff/daniel-e-saros/Saros, E. Daniel. 2014. Information Technology and Socialist Construction. The End of Capital and the Transition to Socialism. Oxfordshire: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Saros, E. Daniel. 2019. "Information Technology and the Socialist Mode of Production: A Simulation of the Point Allocation System". Preprint. Annual Meeting of American Economic Association 2020 (zuletzt aufgerufen Dezember 2020):https://www.aeaweb.org/conference/2020/preliminary/paper/YhNBnTehSelected works:https://works.bepress.com/daniel-saros/ On the historical socialist calculation debateThe Austrians (selection)Mises, v. Ludwig. 1990. Economic Calculation in the Socialist Commonwealth. Auburn: Ludwig von Mises Institute. (full book):https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdfHayek, F. A. 2011. “The Use of Knowledge in Society”. Mises Daily Articles:https://mises.org/library/use-knowledge-societyHayek, F. A. 2005. "Economics and Knowledge". Mises Daily Articles:https://mises.org/library/economics-and-knowledgeHayek, F. A. 1963. Collectivist Economic Planning. London: Routledge:https://cdn.mises.org/Collectivist%20Economic%20Planning_2.pdfWiki on the Austrian School of Economics:https://en.wikipedia.org/wiki/Austrian_SchoolThe Socialists (selection):Lange, O. 1936. “On the Economic Theory of Socialism: Part One”. The Review of Economic Studies, 4(1): 53–71:https://www.jstor.org/preview-page/10.2307/2967660?seq=1Neurath O. 2005. “Economic Plan and Calculation in Kind”. In Otto Neurath Economic Writings Selections 1904–1945. Vienna Circle Collection, vol 23. Wiesbaden: Springer:https://link.springer.com/chapter/10.1007/1-4020-2274-3_14Barone, E. 2012. “THE MINISTRY OF PRODUCTION IN THE COLLECTIVIST STATE”. Giornale Degli Economisti e Annali Di Economia, 71(Anno 125)(2/3): 75–112:http://www.jstor.org/stable/43828055D. Dickinson. 1933. “Price Formation in a Socialist Community”. The Economic Journal, Volume 43, Issue 170, 1 June 1933: 237–250:https://academic.oup.com/ej/article-abstract/43/170/237/5267408?redirectedFrom=fulltextMarx, Karl. 1887. "Capital Volume I". marxists.org:https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdfMarx. Karl. 1878. "Capital Volume II". marxists.org:https://www.marxists.org/archive/marx/works/1885-c2/index.htmFree online courses by David Harvey "Reading Marx's Capital":http://davidharvey.org/reading-capital/Other historical voices (selection):Schumpeter, Joseph A. Capitalism. 1976. Socialism and Democracy. London: Routledge. Full book:https://eet.pixel-online.org/files/etranslation/original/Schumpeter,%20Capitalism,%20Socialism%20and%20Democracy.pdfSocialist Calculation Debate 2.0Saros, Daniel E. 2014. Information Technology and Socialist Construction – The End of Capital and the Transition to Socialism. London: Routledge:https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and/Saros/p/book/9780415742924Cockshott, Paul and Allin Cottrell. 2000. Towards a new socialism. Nottingham: Russell Press. Full book:http://ricardo.ecn.wfu.edu/~cottrell/socialism_book/new_socialism.pdfPhillips, Leigh and Michal Rozworski. 2019. The People's Republic of Walmart. London: Verso:https://www.versobooks.com/books/2822-the-people-s-republic-of-walmartMorozov, Evgeny. 2019. "Digital Socialism?". New Left Review vol. 116/117:https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialismSpufford, Francis. 2010. Red Plenty. London: Faber and Faber. (novel):https://www.goodreads.com/book/show/6481280-red-plentyDyer-Witheford, Nick. 2013. "Red Plenty Platforms". Culture Machine vol. 14:https://culturemachine.net/wp-content/uploads/2019/05/511-1153-1-PB.pdfFuchs, Christina (Hg.). 2020. Communicative Socialism/Digital Socialism. tripleC: Communication, Capitalism & Critique 18 (1): 1-285:https://www.triple-c.at/index.php/tripleC/article/view/1149Phillips, Leigh and Michal Rozworski. 2019. "Yes, a Planned Economy Can Actually Work". Jacobin Magazine:https://www.jacobinmag.com/2019/03/economic-planning-walmart-democracy-socialismMalloy, Michael. 2019. "Economic Planning and Degrowth: How Socialism Survives the 21st Century". New Socialist:https://newsocialist.org.uk/economic-planning-and-degrowth/ additional shownotesWiki Ayn Rand:https://en.wikipedia.org/wiki/Ayn_RandCurtis, Adam. 2011. All watched over by machines of loving grace. London: BBC:https://www.dailymotion.com/video/x60xjdlWiki on "zero-knowledge proofs":https://en.wikipedia.org/wiki/Zero-knowledge_proofWilloughby, John. 2017. “Book Review: Information Technology and Socialist Construction: The End of Capital and the Transition to Socialism”. In Review of Radical Political Economics vol. 50(2): 427- 443:https://journals.sagepub.com/doi/pdf/10.1177/0486613416665833Redecker, v. Eva.  "Refiguring Revolution. A new Theory of Radical Change". Essay. Academia.edu (zuletzt abgerufen Dezember 2021):https://www.academia.edu/39903778/Refiguring_Revolution._A_Critical_Theory_of_Social_Transformation_introduction_and_content_table_transl._by_Lucy_Duggan_Hahnel, Robin und Michael Albert. 1991. The Political Economy of Participatory Economics. Princeton: Princeton University Press:https://press.princeton.edu/books/paperback/9780691003849/the-political-economy-of-participatory-economicsIf you like Future Histories, you can support the show on Patreon:https://www.patreon.com/join/FutureHistories?Write me via office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit https://www.reddit.com/r/FutureHistories/www.futurehistories.today Episode Keywords:#DanielSaros, #JanGroos, #Interview, #FutureHistories, #Podcast, #DigitalSocialism, #AbschaffungDesKapitalismus, #Kapital, #Kapitalismus, #SocialistCalculationDebate, #Planwirtschaft, #politischeÖkonomie, #pluraleÖkonomik, #Sozialismus, #Geldpolitik 

In this episode, I am joined once again by Logan Marie Glitterbomb and we talk about some economics. We talk #BottomUnity and we talk about some Libertarian Party nerds. Take libertarianism back from the right! Join the LP Donate: Become a Patron! PayPalBitcoin: 1FwPws3SBSfwJBuw8L1dGtBeqiVfvFGMzPBitcoin Cash: qrce3w2hnw8x899eyfelx9fa0sy0amehwgdlfq6w60Vertcoin: VfXJStR3r9cwEEFDikDwviGhiPDXd5xSsWLitecoin: LMBr5KgnyzpeWS6BqJSZKDdq4MKwAcfiBwDash: Xo6QCTgeoGrMEfZLxi3wYUaaP6oBFNMzon

Economist Tate Fegley joined me to talk about the economics of privatizing the police and whether or not it would decrease police brutality. We talked about the structural incentives that make government police unaccountable and why privatizing may be more humane. Show Notes: • Mises Institute: https://mises.org/profile/tate-fegley •Why Abusive Cops So Often Keep Their Jobs by Tate Fegley: https://mises.org/wire/its-nearly-impossible-fire-police-officer-heres-why •Police Indemnification by Joanna Schwartz: https://www.nyulawreview.org/issues/volume-89-number-3/police-indemnification/ •Police Choice by Corey DeAngelis: http://libertarianpapers.org/deangelis-police-choice/ •The Structure of Liberty by Randy Barnett: https://www.amazon.com/Structure-Liberty-Justice-Rule-Law/dp/0198297297 •The Wandering Officer by Ben Grunwald and John Rappaport: https://scholarship.law.duke.edu/faculty_scholarship/4004/ •Economic Calculation in the Socialist Commonwealth by Ludwig von Mises: https://cdn.mises.org/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdf •Selling Security: The Private Policing of Public Space by Alison Wakefield: https://www.amazon.com/Selling-Security-Private-Policing-Public-ebook/dp/B00AZ4S7P6

32 Minutes Suitable For All Ages Pete invited the academic vice president of the Mises Institute and professor of economics at Pace University in NYC, Dr Joseph Salerno, to come on the show. Dr Joe has been lecturing for a few decades on why socialism can never work building off of Ludwig Von Mises teachings. He explains it in a concise way and even communicates why the US government can't avoid failure when you consider economic calculation. Dr Salerno's Mises.org page Economic Calculation in the Socialist Commonwealth Mises University Link to Richard Grove's Autonomy Course Donate at the Libertarian Institute Pete's Patreon Pete's Books on Amazon Pete's Books Available for Crypto Pete on Facebook Pete on Twitter

Har du nogensinde tænkt over, hvad økonomi er for en videnskab? Hvordan opstod den, og hvem var dens grundlæggere? Eller har du interesseret dig for moderne diskussioner om samfundet, herunder ulighed, ressourceforbrug eller konkurrence? Hvis dette er tilfældet, er økonomiens teorihistorie vigtig og nyttig for dig. Den type af diskussioner er nemlig mindst lige så gammel som den økonomiske videnskab selv, og du vil i dens rødder også finde rødderne til de moderne argumenter. Nu er vi kommet til en markant herre. Karl Marx grundlæggeren af kommunisme. I dagens afsnit tager jeg primært udgangspunkt i Marx potentielle betydning for økonomisk videnskab. Det gør jeg ved at fortælle om hans liv og tit konfliktfyldte forhold til andre mennesker, jeg dykker ned i hans teorier om historisk determinisme, merværdi og arbejdsværdilærer mm. Jeg slutter afsnittet med lidt overvejelser om Marx's arv i dag.  Marx og særligt hans ”isme” er tit fremhævet som enten en forbryderideologi der bringer død og ødelæggelse, eller som et befriende heltekvad og analytisk nedslagtning af udbyttersamfundet. Få personer i sådanne debatter har faktisk læst Marx. Det synes jeg du skylder dig selv at gøre, ligegyldigt hvor du står.    Til dagens afsnit har jeg læst: Boettke, P. J. (2012). The Forgotten Contribution: Murray Rothbard on Socialism in Theory and Practice. I P. J. Boettke, Living Economics: Yesterday, Today, and Tomorrow. Oakland: The Independent Institute. Mises, L. v. (2016). Economic Calculation in the Socialist Commonwealth. Morrisville: Lulu Press, Inc. Pedersen, T. M. (2019). Karl Marx' bidrag til økonomi, sociologi og historiefilosofi. København: CEPOS. Solzhenitsyn, A. (2002). The Gulag Archipelago 1918-1956. New York: HarperCollins Tucker, R. (1978). The Marx-Engels Reader. New York: Norton. Her har jeg primært læst: ”Preface to A Contribution to the Critique of Political Economy” (1859), pp. 3-6. “The Communist Manifesto”, pp. 473- 500. “Socialism: Utopian and Scientific”, pp. 681-717. ”Das Kapital”, pp. 351-61 & pp. 419-31. I like to dedicate this season to my teachers Ole Bruus and Bruce Caldwell. All mistakes and mispronunciations are mine alone and no fault of theirs.

Because I briefly touched on it in my intro episode, but went on a tangent where I only explained how the Azami Nakiri administration in food wars was NOT communist, I decided I'd explain how it was like communism. I also go off on a bit of a tangent to explain the Economic Calculation Problem, or the Socialist Calculation problem. Also, I realized that in the episode I say that profit margin is revenue minus cost, but that's not correct, that is the profit. I believe that profit margin is the profit divided by the revenue.

We continue our series on Human Action with Professor Per Bylund of Oklahoma State University. Dr. Bylund and Jeff Deist consider Part Three of the book, "Economic Calculation," considering Mises's conception of value and the folly of attempting to define a "unit of value" in a highly subjective world. They discuss socialism and the elementary theory of value and prices; inputs and outputs in barter vs. under monetary exchange; prices as exchange ratios; why change is constant and price "stabilization" efforts fail; why mathematical calculation of money prices may rival the wheel as among the most important human inventions; and why Mises thought praxeology emerged when man started thinking about monetary calculation. Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA. Additional Resources Human Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study

We continue our series on Human Action with Professor Per Bylund of Oklahoma State University.  Dr. Bylund and Jeff Deist consider Part Three of the book, "Economic Calculation," considering Mises's conception of value and the folly of attempting to define a "unit of value" in a highly subjective world. They discuss socialism and the elementary theory of value and prices; inputs and outputs in barter vs. under monetary exchange; prices as exchange ratios; why change is constant and price "stabilization" efforts fail; why mathematical calculation of money prices may rival the wheel as among the most important human inventions; and why Mises thought praxeology emerged when man started thinking about monetary calculation. Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA. Additional Resources Human Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study]]>

We continue our series on Human Action with Professor Per Bylund of Oklahoma State University. Dr. Bylund and Jeff Deist consider Part Three of the book, "Economic Calculation," considering Mises's conception of value and the folly of attempting to define a "unit of value" in a highly subjective world. They discuss socialism and the elementary theory of value and prices; inputs and outputs in barter vs. under monetary exchange; prices as exchange ratios; why change is constant and price "stabilization" efforts fail; why mathematical calculation of money prices may rival the wheel as among the most important human inventions; and why Mises thought praxeology emerged when man started thinking about monetary calculation. Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA. Additional Resources Human Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study

Socialism, which is at its core an economic theory, is somewhat of a hot topic of discussion these days among political candidates and pundits. And it seems to be the case that some potential voters are starting to view socialism as not only not so bad, but perhaps even attractive. How can that be when history shows quite clearly that in practice it has an abysmal record in terms of economic performance and many other aspects related to societal and individual flourishing? What’s needed is a reality check to clarify precisely what socialism is and what it isn’t and that’s what this episode is all about. This episode sponsored in part by: https://www.tryguardianoil.com Attributions, Links & Resources: Lawson, Robert and Powell, Benjamin. Socialism Sucks: Two Economists Drink Their Way through the Unfree World. Regnery Publishing: Washington, DC, 2019. “Economic Calculation in the Socialist Commonwealth,” by Ludwig von Mises. https://mises.org/library/economic-calculation-socialist-commonwealth “Discovery” from the album “Essence” by RRAREBEAR (Used by artist’s permission.) http://www.instagram.com/rrarebearbeats http://www.twitter.com/rrarebearbeats https://soundcloud.com/rrarebearbeats --- Send in a voice message: https://anchor.fm/john-armstrong4/message Support this podcast: https://anchor.fm/john-armstrong4/support

In 1920 Ludwig von Mises published "Economic Calculation in the Socialist Commonwealth," an article that demolished the foundations of socialism in its original, no-private-property-in-the-means-of-production form. In this episode I explain Mises' thesis, and then show how the problems he identified in classical socialism persist to some extent under any state of any kind.

Bitcoin Economist Saifedean Ammous discusses economic calculation, Austrian economics, hard money, the gold standard and liquidity.

(https://www.bobmurphyshow.com/wp-content/uploads/2019/02/Salerno-2012B-cropped.jpg) Joe Salerno is Academic Vice President of the Mises Institute and one of the world’s leading economists in the Rothbardian tradition. He discusses his intellectual roots as well as his scholarly work on money and banking. But Bob also asks Joe to recount some of his funny adventures with Murray Rothbard. Mentioned in the Episode and Other Links of Interest: The Mises Institute’s Austrian Economics Research Conference (https://mises.org/events/austrian-economics-research-conference-2019) (March 22-23, 2019). The new collection from the Mises Institute, (https://mises.org/wire/rothbard-z) . Murray Rothbard’s  Depressions: Their Cause and Cure (https://mises.org/library/economic-depressions-their-cause-and-cure-4) . Joe Salerno’s lecture on “Calculation and Socialism” (https://www.youtube.com/watch?v=5IWDDw8TIdY) (from Mises U 2018). Joe Salerno’s essay, “Ludwig von Mises as Currency School Free Banker,” as Chapter 5 (p. 95) in (ed.) Jorg Guido Hulsmann’s  Theory of Money and Fiduciary Media (https://news.mises.org/sites/default/files/Theory%20of%20Money%20and%20Fiduciary%20Media.pdf) . Murphy’s essay summarizing the internal Austrian dispute: “Socialism: The Calculation Problem Is Not the Knowledge Problem.”  (https://mises.org/wire/socialism-calculation-problem-not-knowledge-problem-0) Tom Woods Show Ep. 1244, “The Professor Everybody Shuns.” (https://tomwoods.com/ep-1244-the-professor-everybody-shuns/) (Features Michael Rectenwald, a leftist NYU professor who was ostracized when he began questioning some of the tactics of campus activists.) The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com (http://www.ChrisWilliamsAudio.com) .

We introduce a new format to the show where we play a short Rothbard clip and then apply it to present day events. In this episode, Rothbard discusses how socialism is unable to provide necessary economic calculation to have a functioning economy and we discuss the goings ons in the socialist hell-pit of Venezuela where there has been a 60x increase in gas prices as the country struggles with economic collapse. We also mention dicks. No, not like that. Dirty mind. (29:32)For Show notes and more, please visit: http://www.readrothbard.com/episode-4

Venezuela ran out of beer! Why has the country seen a shortage of basic goods? Has democractic socialism failed or, as the democratic socialists themselves contend, has Venezuela just not applied socialist principles properly?Venezuela Runs Out of Beer by Ed KrayewskiInflation, Shortages, and Social Democracy in VenezuelaTom Woods Liberty ClassroomInterested in Bitcoin as an alternative to US Dollars? Use our Coinbase link!If you sign up with our coinbase link and purchase $100 in bitcoin, you will recieve an extra $10 from coinbase.The "Shift" Bitcoin debit card is through coinbase as well.Support the show by entering Amazon through our link HERE!Support the show with Bitcoin HERE!Use this address to add the Logical Anarchy Today show to your podcatcher or subscribe on iTunes!http://shoutengine.com/LogicalAnarchyToday.xml

Originally published in essay form on April 9, 2013.Narrated by Terence West. See acast.com/privacy for privacy and opt-out information.

Originally published in essay form on April 2, 2013.Narrated by James Foster. See acast.com/privacy for privacy and opt-out information.

TAGS Calculation and KnowledgeOther Schools of ThoughtEconomic Calculation in the Socialist CommonwealthDECEMBER 30, 2014Ludwig von MisesThis is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory.When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the "socialist calculation" debate.Download audio fileREAD MORE

TAGS Calculation and KnowledgeOther Schools of ThoughtEconomic Calculation in the Socialist CommonwealthDECEMBER 30, 2014Ludwig von MisesThis is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory.When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the "socialist calculation" debate.Download audio fileREAD MORE

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.

A key difference between Austrian economics and the neoclassical-mathematical economics developed in the mid-twentieth century by Paul Samuelson and others is the assumption by the latter that people are essentially omniscient. What neoclassical economists call "rationality" effectively means omniscience. When the agents in neoclassical models face any uncertainty, the uncertainty is always fully understood in advance; for instance, a stock's value tomorrow might be drawn from a normal distribution with a known mean and variance. Without the assumption of omniscience, the Austrian school faces the important question of how people can make economic decisions in a complex, uncertain world. Ludwig von Mises' answer (see his 1920 essay, Economic Calculation in the Socialist Commonwealth) was that capitalist entrepreneurs calculate in monetary terms. That is, they use the prices of the immediate past as their starting data, and attempt to direct factors of production in such a way as to maximize the spread between costs and revenues. If their predictions of price changes are good, they earn profits. If their predictions are bad, they earn losses. Thus, their direction of scarce resources is subject to immediate and consequential feedback allowing a selective process for only the best entrepreneurial forecasting methods. Without monetary exchange and prices, the problem of directing factors of production to their highest uses becomes intractable. An interesting thing about Mises' calculation argument is that it does not only relate to socialism, but to free, capitalist societies also. Mises states that, "Economic goods only have part in this system [of monetary calculation] in proportion to the extent to which they may be exchanged for money." Thus, when a good cannot be exchanged for money, for any reason, it is subject to a Misesian calculation problem. One type of capital good that I have identified as facing a calculation problem is education. The present value of an education is nowhere represented as a market price. The rental rate of the education is represented in the price spread between educated and uneducated labour, but the present value of the education is not a price because the education itself cannot be exchanged. The present value of the education would correspond to the expected discounted stream of income generated by the education, but this income is not represented in prices until years after the education is complete. Thus, students cannot use monetary calculation to allocate their time, funds, and efforts to being educated. They cannot refer to the present value price of the education in their initial estimation of the education's value, nor can they refer to that price to evaluate their decisions in real time. In my view, the way to introduce economic rationality to education is to have a well-functioning market in student debt. Student debt can be priced in the market, and can thus be efficiently allocated according to monetary calculation. The value of a student loan is related to the value of the student's education. To the extent that the availability of credit can affect people's educational choices, lenders will be able to steer the allocation of resources towards more productive lines of education. The student loan markets are not healthy, however, because of decades of government interventions intended to increase the availability of credit for students. Garrett M. Petersen is an economics PhD student at Simon Fraser University. You can find him online at the economics detective blog.

Kinsella on Liberty Podcast, Episode 115. I was interviewed back in May 2012 by Redmond Weissenberger, Director of the Ludwig von Mises Institute of Canada. We had a long-ranging discussion of the issue of corporations and limited liability, and we touched on other issues as well including causation and responsibility and the praxeological structure of human action; intellectual property; gay marriage and language; human rights as property rights, and free speech; corporate size and international trade in a free society, vs. left-libertarian claims to the contrary; nuclear power, energy, and environmentalists; eminent domain and the Keystone pipeline; Peter Klein and Murray Rothbard on the calculation problem and the upper limit to the firm; state monopolies versus the market; and practical and moral aspects of tax evasion and tax avoidance. For background on some of the issues discussed, see my post Corporate Personhood, Limited Liability, and Double Taxation; also Causation and Aggression and California Gay Marriage Law Overturned: What Should Libertarians Think?; Peter Klein's chapter “Economic Calculation and the Limits of Organization,” in The Capitalist and the Entrepreneur: Essays on Organizations and Markets; The Effects of Patent and Copyright on Hollywood Movies; Leveraging IP. For some more recent discussions of the corporation issue, see these podcasts: KOL100 | The Role of the Corporation and Limited Liability In a Free Society (PFS 2013) and KOL 026 | FreeDomain Radio with Stefan Molyneux discussing Corporations and Limited Liability.

Kinsella on Liberty Podcast, Episode 115. I was interviewed back in May 2012 by Redmond Weissenberger, Director of the Ludwig von Mises Institute of Canada. We had a long-ranging discussion of the issue of corporations and limited liability, and we touched on other issues as well including causation and responsibility and the praxeological structure of human action; intellectual property; gay marriage and language; human rights as property rights, and free speech; corporate size and international trade in a free society, vs. left-libertarian claims to the contrary; nuclear power, energy, and environmentalists; eminent domain and the Keystone pipeline; Peter Klein and Murray Rothbard on the calculation problem and the upper limit to the firm; state monopolies versus the market; and practical and moral aspects of tax evasion and tax avoidance. For background on some of the issues discussed, see my post Corporate Personhood, Limited Liability, and Double Taxation; also Causation and Aggression and California Gay Marriage Law Overturned: What Should Libertarians Think?; Peter Klein’s chapter “Economic Calculation and the Limits of Organization,” in The Capitalist and the Entrepreneur: Essays on Organizations and Markets; The Effects of Patent and Copyright on Hollywood Movies; Leveraging IP. For some more recent discussions of the corporation issue, see these podcasts: KOL100 | The Role of the Corporation and Limited Liability In a Free Society (PFS 2013) and KOL 026 | FreeDomain Radio with Stefan Molyneux discussing Corporations and Limited Liability.

On this edition of V-RADIO we will be discussing my recent blog talking about the "economic calculation problem". The fundamental argument that Austrian econimists say we cannot solve. Al from Mexico and some more panelists will be joining us. You can read along with us by going to V-RADIO.org and clicking "blog".

Pages 694-711. Narrated by Jeff Riggenbach.

Pages 213-229. Narrated by Jeff Riggenbach.

This is the Postscript to Economic Calculation in the Socialist Commonwealth (pp. 51-71) by Ludwig von Mises. Narrated by Gennady Stolyarov II.

Pages 48-50 in the text, as narrated by Gennady Stolyarov II.

From Economic Calculation In The Socialist Commonwealth. Pages 10-26 in the text, as narrated by Gennady Stolyarov II.

From Economic Calculation In The Socialist Commonwealth. Pages 26-33 in the text, as narrated by Gennady Stolyarov II.

From Economic Calculation In The Socialist Commonwealth. Pages 40-47 in the text, as narrated by Gennady Stolyarov II.

Pages 1-3 in the text, as narrated by John Pruden..