Category
page 1Socialist calculation
planned economy
type of economic system
market socialism
economic system aiming to create socialism through supply and demand
socialization
citizen-based control of means of production, allowing for a collectivization of wealth
economic calculation problem
critique of central economic planning proposed by Ludwig von Mises
socialist calculation debate
question of whether central planners can achieve rational, efficient allocations of economic resources for society
Labour voucher
proposed alternative to money
calculation in kind
term