The calculation problem is that nobody actually knows how to make a pencil. The knowledge is distributed, planning is impossible. We cannot build a robot that can fold a shirt. What makes you think we can build one that can run a business, or every business all at once?
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The division of labor does not make planning impossible. A pencil making company may not have the knowledge in hq on how to make every aspect of a pencil but if it has a vertically integrated supply chain it's still planning every step of the way.
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Replying to @RealEnverHoxha @coloniser_3000 and
The calculation problem if you'll recall was specific to pricing. Lange's solution wasnt "lol build a robot" it was to point out that pricing in capitalism and socialism should occur in the same manner. By trial and error
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Capitalist price-discovery is based on a system of incentives (to notice and respond) that no imaginable socialist commonwealth can emulate.
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Replying to @_leftcat @RealEnverHoxha and
Realistic adjustments to complex systems require a selection mechanism as final criterion. Describing that as a "cop-out" doesn't make it any less unsurpassable.
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Replying to @Outsideness @_leftcat and
... Leftists want the results of selection without a selection mechanism (which was Mises' point).
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Replying to @_leftcat @RealEnverHoxha and
"You can't just legislate adequate selection mechanisms into existence." -- This is exactly the point.
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Replying to @Outsideness @RealEnverHoxha and
Right. So why would you think that profit maximization would somehow be an effective selection mechanism? Even if you think the market is some sort of transcendental entity, it's impossible to deny that humans were the ones who originally set out the basic rules.
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The reciprocal of profit maximization is liquidation.
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Replying to @_leftcat @RealEnverHoxha and
Differential elimination (i.e. selection) is not well captured by "crisis".
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