Saturday, 21 January 2012

The Economic Calculation Problem

I like this short article, with plenty of links,  which counters criticisms of an RBE made from the perspective of the economic calculation problem (which basically says that money is the only way of adding up the attributes of goods and services). The end of article summing up says:

"technology is what makes society work better, not money. Money is a technology, but its obsolescence, whether planned or not, happened a long time ago, and [yet] still we continue to use this destructive tool. We have a better way to obtain decisions now, it's called the scientific method"

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