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Calculation Problem, All in One Place

Here is a bibliography of the articles I’ve written about the calculation problem.

1. https://smilingdavesblog.wordpress.com/2012/08/11/mises-calculation-problem-in-simple-language/

Explains why if the govt owns all means of production, there is no way of knowing if a manufacturer is making a profit.

2. https://smilingdavesblog.wordpress.com/2012/08/11/mises-calculation-problem-in-simple-language-part-two/

Explains that profits and losses, even according to Marxists, tell you if you are wasting the economies resources, or making good use of them.

3. https://smilingdavesblog.wordpress.com/2012/08/11/mises-calculation-problem-in-simple-language-part-three/

Tells a simple tale which explains how no prices means disaster and starvation.

4. https://smilingdavesblog.wordpress.com/2011/05/16/partial-refutation-of-brian-caplan-on-socialism/

Replies to Bryan Caplan’s objection that Austrian Economics [AE] is supposed to be qualitative, not quantitative, so why this sudden insistence on quantitative calculation?

5. https://smilingdavesblog.wordpress.com/2011/05/17/more-on-caplan-and-socialism/

Response to said Caplan’s further objection, that if AE is by nature qualitative, how can it baldly make such a bold quantitative statement that Socialism will totally collapse due to the calculation problem?

6. https://smilingdavesblog.wordpress.com/2013/07/30/smiling-dave-solves-misess-calculation-problem/

Points out a subtlety of the calculation problem, that it is based on lack of a uniform standard of measurement for producer goods.

7. https://smilingdavesblog.wordpress.com/2013/07/30/can-demand-curves-solve-misess-calculation-problem/

Explains why demand curves will not solve the calculation problem.

8. https://smilingdavesblog.wordpress.com/2013/08/06/can-total-knowledge-of-consumer-prices-solve-the-calculation-problem/

Explains why even total knowledge of all prices of consumer goods will not solve the calculation problem.

9. https://smilingdavesblog.wordpress.com/2013/08/06/top-seven-misconceptions-about-misess-calculation-problem/

Lists the top seven misconceptions about the calc. problem. Make sure you aren’t making one of them.

10. https://smilingdavesblog.wordpress.com/2014/05/27/what-are-the-knowledge-problem-and-the-calculation-problem/

Explains the difference between Mises’s Calculation Problem and Hayek’s Knowledge Problem.

11. https://smilingdavesblog.wordpress.com/2014/02/16/why-the-labor-theory-of-value-doesnt-solve-the-calculation-problem/

Explains why the Labor Theory of Value does not solve the Calculation Problem.

12. https://smilingdavesblog.wordpress.com/2014/09/07/the-matrix-solves-misess-calculation-problem-or-does-it/

Explains why no matrix of inputs and outputs can solve the calculation problem.

13. https://smilingdavesblog.wordpress.com/2014/09/22/matrix-redux-start-with-the-last-column-and-solve-misess-calculation-problem/

Why we cannot compute costs of production based on prices of consumer goods.



  1. […] outline can use some filling out, in simple language, Smiling Dave style. So mosey on over to https://smilingdavesblog.wordpress.com/2013/08/06/calculation-problem-all-in-one-place/. A great place to start is here: […]


  2. […] We’ve written quite a few articles explaining Mises’s Calculation Problem, the problem he says any Socialist economy will have that will bring on its downfall. […]


  3. […] O artigo original pode ser encontrado aqui. […]


  4. Smiling Dave says:

    Thanks. Didn’t notice it before.


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