3 ms·
This is the "economic calculation problem" critique of economic planning proposed by the Austrian school[0]. A planned economy is sort of like having a single s
by modernpink 4y ago
This is the "economic calculation problem" critique of economic planning proposed by the Austrian school[0]. A planned economy is sort of like having a single sysadmin manage all the resource levers for a data centre, whereas the free market is more like Kubernetes.
https://en.wikipedia.org/wiki/Economic_calculation_problem https://en.wikipedia.org/wiki/Economic_calculation_problem