Besides the price mechanism, is there any way to solve the economic calculation problem?

timence

According to its proponents (Ludwig von Mises and Friedrich Haye, no. However, more recent theorists have posed alternative approaches, which question some of the fundamental assumptions underlying the problem (e.g. the assumption that capitalism and optimum resource allocation co-occur). In other words, some argue that the central tenet of the problem itself is ill-defined. http://en.wikipedia.org/wiki/Economic_calculation_problem Jul 18 12, 6:08 AM