- Cafe Hayek - https://cafehayek.com -

What If There Were No Market Prices?

Tweet [1]

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!

Comments