Here is a bibliography of the articles I’ve written about the calculation problem.
Explains why if the govt owns all means of production, there is no way of knowing if a manufacturer is making a profit.
Explains that profits and losses, even according to Marxists, tell you if you are wasting the economies resources, or making good use of them.
Tells a simple tale which explains how no prices means disaster and starvation.
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?
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?
Points out a subtlety of the calculation problem, that it is based on lack of a uniform standard of measurement for producer goods.
Explains why demand curves will not solve the calculation problem.
Explains why even total knowledge of all prices of consumer goods will not solve the calculation problem.
Lists the top seven misconceptions about the calc. problem. Make sure you aren’t making one of them.
Explains the difference between Mises’s Calculation Problem and Hayek’s Knowledge Problem.
Explains why the Labor Theory of Value does not solve the Calculation Problem.
Explains why no matrix of inputs and outputs can solve the calculation problem.
Why we cannot compute costs of production based on prices of consumer goods.