Mises’ Economic Calculation Problem: An Answer to “Is it possible to have an economic system with no money?”

This answer was originally posted on Quora in September. Short answer: No Long answer: This proposition was disproved theoretically by Ludwig von Mises in the first half of the twentieth century. He is known for having elaborated the “economic calculation problem”, first in his 1920 article “Economic Calculation in the Socialist Commonwealth” and expanded upon … Continue reading Mises’ Economic Calculation Problem: An Answer to “Is it possible to have an economic system with no money?”