(Responding only because some well intentioned fool ‘liked’ your reply) That’s false. Because all differences in economic productivity are reducible to time. Calculation is possible. The problem is competition that determines price, not the method by which price is calculated.
Source date (UTC): 2018-03-17 14:31:29 UTC
Original post: https://twitter.com/i/web/status/975016778156920832
Reply addressees: @BobMurphyEcon @FriedrichHayek
Replying to: https://twitter.com/i/web/status/974794304769200134
IN REPLY TO:
@BobMurphyEcon
@curtdoolittle @FriedrichHayek What are you talking about? Mises talks e.g. about building a railroad connecting two points, and how the planner can’t know which route is most economical.
Original post: https://twitter.com/i/web/status/974794304769200134
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