tag:blogger.com,1999:blog-4073216153962700110.post8942831218756097506..comments2023-07-15T04:51:17.650-04:00Comments on Smiling Dave's Blog of Psychology, Economics, and Gentle Sarcasm.: Mises' Calculation Problem, in Simple Language, Part Three.Smiling Davehttp://www.blogger.com/profile/12898802942529057872noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4073216153962700110.post-53954679100173751712012-09-01T06:22:26.125-04:002012-09-01T06:22:26.125-04:00Mises addressed that one in his book, Human Action...Mises addressed that one in his book, Human Action. Takes him less than 5 pages to expose the folly of such a scheme.<br /><br />Here's a link to chapter and verse:<br /><br />http://mises.org/humanaction/chap26sec5.asp<br /><br /><br />Smiling Davehttps://www.blogger.com/profile/12898802942529057872noreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-36053513967555136492012-08-31T23:09:09.502-04:002012-08-31T23:09:09.502-04:00It's not obvious that there are no prices for ...It's not obvious that there are no prices for the means of production under Socialism. The "market socialists" thought that by having the various managers PRETEND to be entrepreneurs, buying and selling, they would have "prices" for everything, so there was no issue.<br /><br />What is your response to that objection?Graham Wrighthttps://www.blogger.com/profile/07288585420579413704noreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-70396396048742750922012-08-15T13:17:47.116-04:002012-08-15T13:17:47.116-04:00Thx.Thx.Smiling Davehttps://www.blogger.com/profile/12898802942529057872noreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-56924600507570597282012-08-15T02:35:18.248-04:002012-08-15T02:35:18.248-04:00Very interesting few articles. I've always won...Very interesting few articles. I've always wondered what will encourage people to work productively in a Socialist market, but I never thought to the more important question of how does the market determine the important decisions of What, How Much and How to produce goods.Crisconoreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-76199762365391093292012-08-13T16:48:55.129-04:002012-08-13T16:48:55.129-04:00Go to Wikipedia and look up Nirvana Fallacy.Go to Wikipedia and look up Nirvana Fallacy.Smiling Davehttps://www.blogger.com/profile/12898802942529057872noreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-57426152599806832452012-08-13T06:26:10.886-04:002012-08-13T06:26:10.886-04:00Of course the story could go slightly differently....Of course the story could go slightly differently. <br /><br />Mr. B after doing his market research realizes that indeed today, people would only be willing to pay a mere fifty bucks. He goes to a bar, drinks a bit, then meets Mr. C. After telling Mr. C his problem, Mr.C chuckles, "Do you not understand how modern day capitalism works? I work in C&D marketing firm, and for a mere cost of two dollars per unit I will be able to convince everyone that glow and the dark laptops are the best thing since apple. They will easily pay 75 bucks more for one after I am done." <br /><br />They created an add campaign title "just do it" which works wonders, they time roll out for December when people will least likely be thinking about there budget for Halloween. They create debt plans to help the consume even more not consider there future.<br /><br />Sure enough come Halloween, they find the supply of skeletons has dwindled, which is for the best because they can not afford it anyways.<br /><br />And Mr. B is now a wealthy man. But this is capitalism, and unlike the first story he now has a huge vested interest in seeing the company thrive.<br /><br />So one day, when a univerisity scientist realizes that the increase rates of cancer are a result of all these glowing laptops being used o so often, Mr. B must act. He gives huge grants to the university, he testifies before congress with his own data, he spends money on Super Pac which give money to politicians. And of course all the cost must come from somewhere.<br /><br />The truth is a system that truly utilizes human potential to the fullest to create the best environment for us all, has yet to be articulated. I am not a socialist, that system has obvious issues but if you study Austrian economics and not realize the giant fallacies, well then you are human. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-52964605903210304602012-08-13T05:29:31.735-04:002012-08-13T05:29:31.735-04:00Thanks.Thanks.Smiling Davehttps://www.blogger.com/profile/12898802942529057872noreply@blogger.comtag:blogger.com,1999:blog-4073216153962700110.post-87131270836739910812012-08-12T12:23:09.186-04:002012-08-12T12:23:09.186-04:00That was three well written articles sir.
Best r...That was three well written articles sir. <br /><br />Best regards from the socialist country of Norway.Boom Busthttps://www.blogger.com/profile/11118394520693651068noreply@blogger.com