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45 sats \ 4 replies \ @SimpleStacker 6 Sep \ on: Debunk the Economic Calculation Problem 🗿 econ
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Why is it called "Debunk the ECP"?
The webpage is actually defending the ECP against attempts to debunk it.
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30 sats \ 0 replies \ @Undisciplined 6 Sep
I was confused too. From what I've seen, the critics of Mises never really grappled with the problem.
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0 sats \ 2 replies \ @jakoyoh629 OP 6 Sep
I must've missed something. How'd you get to that conclusion?
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50 sats \ 1 reply \ @SimpleStacker 6 Sep
Read it again....
Many people have responded to the ECP with their critiques, but not a single one holds up under logic.
The Economic Calculation Problem shows that socialist, communist, and centrally planned economies are all completely inefficient and cannot have any proper production. Thus, capitalism is a much better system compared to other forms of economies.
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30 sats \ 0 replies \ @jakoyoh629 OP 6 Sep
Okay, I get it now. I think the confusion is with the word debunk. Maybe it's debunk in a good way. Ahh
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