4 ms·
Thanks for the feedback. I hope to provide some more satisfying conclusions at the end of this series of posts - posting here was perhaps premature. I think th
by bwestergard 6y ago
Thanks for the feedback. I hope to provide some more satisfying conclusions at the end of this series of posts - posting here was perhaps premature.
I think the difficulty with your reading is that Mises does not appeal to “social interest” or any related concept in this essay, and we know from his other writings that he sees welfare as radically subjective (the market order is held to be “efficient” in the sense of satisfying each consumer’s preferences, whatever those may be). Hence my footnote on Mises’ use of the term “efficiency”, which is as close as he gets to discussing welfare.
http://socialistplanning.org/posts/reckoning-with-mises#fn12 http://socialistplanning.org/posts/reckoning-with-mises#fn12
- kkoncevicius 6y agoIt is an interesting topic, and I hope your later writings will achieve more attention on here. I am also curious to see any possible proposals for overcoming the price information issue. I haven't heard any satisfactory proposal, that doesn't start with "all the jobs will be replaced by machines, and then ...".