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Gene Callahan answers Bryan Caplan's criticism of Mises' theory of economic calculation in the socialist commonwealth. Callahan makes a very interesting point that because Mises is talking about a strict socialist society, that is, socialism taken to it's logical end, the fall of the Soviet Union did not actually prove Mises right as is often claimed. Short article and well worth the read.
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Join date: 2012-05-06
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