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The Impossibility of Socialist Economy, or A Cat Cannot Swim the Atlantic Ocean | Morgan O. Reynolds

The Impossibility of Socialist Economy, or A Cat Cannot Swim the Atlantic Ocean | Morgan O. Reynolds

Volume 1, No. 2 (Summer 1998) To decide whether an undertaking is sound we must calculate carefully. —Ludwig von Mises, SocialismThe socialist calculation debate has been prolonged, contentious, and often confusing (Vaughn 1980; Yeager 1997).

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