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Cato Podcast •

Excursions into Socialist Calculation

This is a sample of the Excursions podcast from Lib​er​tar​i​an​ism​.org. In this episode, George H. Smith discusses the marginal utility revolution in economic thought. This revolution provided the foundation for Ludwig von Mises’s argument that rational economic calculation is impossible in a socialist economy.

Featuring
George H. Smith
James Foster
Caleb O. Brown

Former Director of Multimedia, Host and Executive Producer, Cato Daily Podcast, Cato Institute