Hakim

"Economic Calculation Problem": The Problem That Isn't (Patreon)

Published:

2021-06-30 15:39:07

Imported:

2026-06

haven't archived this post yet. have a subscription? use the importer!

Content

Hi there! Still on break, but here's a highly requested video; a cursory glance at "Argumentum ad ECP-um", and how much it sucks as an argument against Socialism. Timestamps are in the description, and further reading is below. Love you all! <3

Files

Previews only

"Economic Calculation Problem": The Problem That Isn't

Support me on Patreon: https://www.patreon.com/ComradeHakim Twitter: @YaBoiHakim Hi there! Still on break, but here's a highly requested topic that I'm finally getting around to covering. Tl;dr? It's a non-issue, and has been for like 50 years. Anyone even remotely knowledgeable about the ECP would know that it isn't a good argument against Socialism. Sources and further reading in the pinned comment. 00:00 Introduction 00:36 Chapter 1: What is the ECP? 03:09 Chapter 1.5: Why Even Bother Discussing This? 05:24 Chapter 2: The Failures of the Market 09:26 Chapter 3: Planning Under Capitalism 11:35 Chapter 4: Planning Under Socialism (and "Inefficiency") 16:54 Chapter 5: The Future of Planning (in Light of the Past) 19:30 Chapter 6: The Failure of "Argumentum ad ECP-um" 25:50 Chapter 7: Market Socialism as a Solution? 27:23 Conclusion