Podcasts about economic calculation

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 213-229. Narrated by Jeff Riggenbach.

Pages 694-711. 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.

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

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.