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Excursions into Socialist Calculation

Excursions into Socialist Calculation

Cato Podcast · Cato Institute

November 13, 201512m 24s

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Show Notes

This is a sample of the Excursions podcast from Libertarianism.org. In this episode, George H. Smith discusses the marginal utility revolution in economic thought. This revolution provided the foundation for Ludwig von Mises's argument that rational economic calculation is impossible in a socialist economy.

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