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What If There Were No Market Prices?

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This Learn Liberty [2] video – narrated by Towson University’s Howie Baetjer (a GMU Econ PhD) – is truly superb.  It explains, in less than seven minutes, a vitally important role of prices, the impossibility of socialist calculation, and – not incidentally – the deep error of the worldview that sees the economic problem as being an engineering problem.  Do watch!