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Didn Ludwig von Misess “calculation argument” prove that socialism can work?

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Didn Ludwig von Misess “calculation argument” prove that socialism can work?

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In 1920, von Mises declared socialism to be impossible on the grounds that without private ownership of the means of production, there cannot be a competitive market for production goods; that without a market for production goods, it is impossible to determine their values; and that without knowing their values, economic rationality is impossible. This is his “calculation argument,” which “anarcho”-capitalists are fond of claiming is a “proof” that libertarian (or any other kind of) socialism is impossible in principle. As David Schweickart observes in Against Capitalism, however, it has long been recognized that von Mises’s argument is logically defective, because even without a market in production goods, their monetary values can be determined. In other words, economic calculation based on prices is possible in a libertarian socialist system. In addition, the Mondragon cooperatives indicate that a libertarian socialist economy can exist and flourish. There is no need for capital ma

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