Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Economic Calculation - Economics Dictionary of Arguments | |||
| Economic calculation: Economic calculation is the process of allocating resources efficiently by comparing costs and benefits, often using monetary prices. It helps determine the most effective use of scarce resources to satisfy human needs. This concept is central to decision-making in market economies and critiques of central planning, emphasizing the role of price signals in coordinating economic activity. See also planning, economy, cost accounting, price, utility, cost. See also Utility, Cost, Benefit._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Austrian School | Economic Calculation | Austrian School, | |
| Mises, Ludwig von | Economic Calculation | Mises, Ludwig von | |
| Rothbard, Murray N. | Economic Calculation | Rothbard, Murray N. | |
|
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-06-17 | |||
