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Pastimes : Austrian Economics, a lens on everyday reality
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To: Don Lloyd who wrote (118)2/26/2003 1:43:18 AM
From: Wildstar  Read Replies (1) of 445
 
Don,

In the post to which I am responding, you observed that market prices help determine individuals' subjective values.

Is this at all related to Mises's critique of socialism, in which he said that without private property, there are no market prices, and thus, decision makers are not able to rationally calculate the alternative uses of capital goods?

Wildstar
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