Source: The Daily Economy
by Art Carden
“The ‘calculation problem’ is not a computational problem. It’s an epistemic problem. It isn’t that it was too hard to gather the necessary data and do the required calculations in 1920 (when Ludwig von Mises published ‘Economic Calculation in the Socialist Commonwealth’) or 1945 (when F.A. Hayek wrote ‘The Use of Knowledge in Society’) or 1985 (when Don Lavoie published Rivalry and Central Planning: The socialist calculation debate reconsidered). … The problem is that the data don’t exist unless the means of production are bought and sold in free markets – which means that modern technosocialists enamored with generative AI as the technology that will finally solve the calculation problem are missing the point.” (12/11/25)
https://thedailyeconomy.org/article/the-knowledge-socialists-still-cant-calculate/