socialism calculation problem

March 19, 2026 ・Guest Commentaries

AI Can Calculate Data – Not an Economy

A century ago, Austrian economist Ludwig von Mises tangled with socialists in the so-called Socialist Calculation Debate, in which Mises proved that socialism is not feasible. Today, with the power of modern computing and AI, socialists are again championing centralized control of the economy, but they misunderstand Mises’ core point: economic calculation and raw computation […]

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