Talk:Economic Calculation Problem

Comments

Introduction

"capitalist pricing is very flawed and often miscalculates": I don't think it so much "miscalculates" as produces a calculation of obscure significance. i.e. when a buyer and seller operate in a public market their agreement of a transaction is a precise measure giving a piece of historic data. Not only that, but in a public market the final sale in an auction is also instantly communicated to others in that market. However there are a range of other factors going on which can effect matters and many transactions do not happen in this way. My concern here is not that the capitalist pricing miscalculates but that what it actually calculates is unclear and often creates an idealised proxy for what it is pretended to calculate. This means that manipulation of information related to the shadow world between the proxy and the titular object being calculated creates fertile room for speculation. One of the functions of the capitalist pricing mechanism is precisely to maintain this shadow world. Leutha (talk) 12:18, 11 January 2016 (UTC)