Quotes · Quote card

Quotation from Economic Calculation in the Socialist Commonwealth by Ludwig von Mises

“Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation.”

Ludwig von Mises

Economic Calculation in the Socialist Commonwealth, Section 3, trans. S. Adler (1935)

Mises states the chain of reasoning on which the article rests.

Citation: "Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation." — Ludwig von Mises, Economic Calculation in the Socialist Commonwealth, Section 3, trans. S. Adler (1935). (id mises-economic-calculation-in-the-socialist-commonwealth-q2)

Download card (PNG)

Quote card: Where there is no free market, there is no pricing mechanism; without a pricing