> All change takes time and energy. I think we're still missing a great economic thinker who can try to solve it. We’ve known that the economy is an intractabl

> All change takes time and energy. I think we're still missing a great economic thinker who can try to solve it. We’ve known that the economy is an intractable problem for a lot longer than I’ve been alive. Capitalism approximates an efficient solution. There’s a large economics and computer science literature on this if you’re interested, or for a fictional treatment you could read Red Plenty, Francis Spufford, which is an historical novel covering the theory in the historical background it was developed in[1]. https://en.wikipedia.org/wiki/Socialist_calculation_debate https://en.wikipedia.org/wiki/Socialist_calculation_debate > The socialist calculation debate, sometimes known as the economic calculation debate, was a discourse on the subject of how a socialist economy would perform economic calculation given the absence of the law of value, money, financial prices for capital goods and private ownership of the means of production. More specifically, the debate was centered on the application of economic planning for the allocation of the means of production as a substitute for capital markets and whether or not such an arrangement would be superior to capitalism in terms of efficiency and productivity. [1] http://crookedtimber.org/category/red-plenty-seminar/ http://crookedtimber.org/category/red-plenty-seminar/ Multiple erudite articles riffing on a great book, from economic and other perspectives.