The socialist calculation problem isn’t about not having enough computing power, it’s about it not being possible to aggregate all of the relevant information to estimate correct prices and quantities because that relevant information mostly sits in people’s heads https://t.co/dYp0zEqmZX— John Brown stan account 🐒 (@thejb_stan) April 26, 2023
The usual ideological lib economics brained nonsense that sounds about right, but actually does not have any relevance.
In a planned economy, biurokrat w Moskwie (Because that's of course how the Soviet planned economy worked) is forced to estimate how many packs of cigarettes should go to the spożywczo-przemysłowy store in a village of 300 😌 and as soon as Uncle Leopold decides to buy cigars instead, you get a black market, right?
In a balanced price of a market economy, you sell as many goods as you can without wasting and with maximum efficiency, which is why... multiple kilograms of food are thrown away in stores every week and you can get certain goods only if you drive to the big city.
I'm actually reading a book on economic planning models right now btw, so if any German speakers are interested, the book is somewhat radlib but pretty interesting.
Reiterer A. (2021). Planung, Markt und „Wertgesetz“ (First Edition). Mangroven Verlag.