Boettke on the Socialist Calculation Debate

14 Mar 2025 Leave a comment

by Jim Rose in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, economics of information, entrepreneurship, history of economic thought, industrial organisation, law and economics, property rights Tags:

An excellent EconTalk episode with Pete Boettke on the socialist calculation debate. I like Boettke on the three Ps. The three Ps–property, prices, and profits and loss. Property incentivizes us. Prices guide us. Profits lure us to new changes and losses discipline us. Today, “incentives matter” is often considered the first lesson of economics. But […]

Boettke on the Socialist Calculation Debate

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