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Human Action, Part Five, Chapter XXV. The Impossibility of Economic Calculation under Socialism

Authors

Keywords
human action, socialism

Summary
The director wants to build a house. Now, there are many methods that can be resorted to. Each of them offers, from the point of view of the director, certain advantages and disadvantages with regard to the utilization of the future building, and results in a different duration of the building's serviceableness; each of them requires other expenditures of building materials and labor and absorbs other periods of production. Which method should the director choose?

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Pages: 13
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