All Posts Tagged With: "double-entry bookkeeping"
Economic Calculation in the Corporate Commonwealth
The general lines of Ludwig von Mises’s rational-calculation argument are well known. A market in factors of production is necessary for pricing production inputs so that a planner may allocate them rationally. The problem has nothing to do either with the volume of data or with agency problems. The question, rather, as Peter Klein put [...]
1Jun2007 | Kevin A. Carson | 20 comments | ContinuedCapitalism and the Zero
John Hood is president of the John Locke Foundation, a state policy think tank in North Carolina, and author of The Heroic Enterprise: Business and the Common Good (Free Press). In traditional discussions of the rise of free-market capitalism, great attention is paid to changes in institutions, technologies, and ideologies. We read the great philosophers [...]
1Dec2000 | John Hood | 1 comment | Continued-
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