Cantor’s Diagonal Argument:

An Extension to the Socialist Calculation Debate

  • Robert Patrick Murphy
Keywords: Economic calculation, Socialism, Cantor's diagonal argument, Mathematical solution

Abstract

The author argues that the mathematical solution to the problem of economic calculation under socialism, as proposed by Dickinson and others, in the sense that it could obtain the rational use of resources in the absence of private property is incorrect, because a planner socialist committee need to publish a list containing an uncountable infinite number of prices and, according to Cantor’s diagonal argument  used by that this theory it is impossible to construct such a list. Thus, the Socialist economy is truly impossible.

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Published
2013-12-01
How to Cite
Murphy, R. P. (2013). Cantor’s Diagonal Argument:. MISES: Interdisciplinary Journal of Philosophy, Law and Economics, 1(2), 425-432. https://doi.org/10.30800/mises.2013.v1.495
Section
Economics, Methodology and Praxiology