Tag Archives: economic_calculation

Why We Need Markets To Know Who Should Own Western Lands by Ryan McMaken

“Why We Need Markets To Know Who Should Own Western Lands” is the title of an interesting article about changing land use patters in the western US as well as a reminder about the importance of prices to facilitate economic … Continue reading

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The Tom Woods Show: Episode 408 The Main Reason Socialism Can’t Work

In this episode of The Tom Woods Show, Woods speaks with Mateusz Machaj about the latter’s further elaborations of Mises’ economic calculation explanation of why socialism cannot work. As always, additional information can be found at the show notes page.

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The Economics Behind the Fall of the Berlin Wall by Ryan McMaken

McMaken wrote a very good article about the economic causes of the collapse of the Soviet empire. ‘Sunday marks the twenty-fifth anniversary of the fall of the Berlin Wall. Like most historical events that are commemorated as if they took … Continue reading

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Ludwig von Mises on the Adverse Consequences of Inflation

Inflation, the creation of money substitutes and credit by the banking system, has so many insidious effects on the economy that it can be difficult to keep all of them in mind. An often overlooked consequence of inflation is the … Continue reading

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