#202 Rivalry & Central Planning w/ Donal
www.podomatic.com
This week Donal  and myself discuss a really excellent book we recently read on the socialist calculation debate. The book is called Rivalry and Central Planning, and is written by the Austrian economist Don Lavoie.The Book Project:https://theclasslesssocietyinmotion.com/Patreon:https://www.patreon.com/FromAlpha2Omega

Very interesting discussion about austrian economics.

Before you throw tomatoes, it goes over that initial thrust of austrian argument “not making new stuff” is stronger than “you can’t calculate this shit” (which also applies to neoclassical economics). You can in fact calculate this shit, especially now, but if your plan is static, it doesn’t adapt to the new industries demand, it cant even perceive it if you dont build feedback mechanisms