Socialism's Economic Calculation Problem...

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Institute of Economic Affairs

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Published on April 20, 2024 4:01:22 PM ● Video Link: https://www.youtube.com/watch?v=x_kmXYXH6JY

Duration: 0:52

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Delve into the debate as socialists defend their ideology, arguing for the creation of a new socialist man. However, Mises challenges this notion, asserting that even with altruistic citizens, a socialist economy is destined to fail due to the absence of market prices. Join Kristian Niemietz as he unravels Mises' compelling argument against socialist economic planning and uncover the implications for today's world. #UFC #RenatoMoicano #MoneyMoicano #UFC300 #Mises #Socialism #Capitalism