The Socialist Calculation Debate Quotes

“Anytime we step outside of the realm of the market economy and
monetary calculation, the social system must attempt to provide a substitute for property, prices, and profit-and-loss to align incentives, guide decisions, lure entrants and innovation, and discipline and select superior methods of production to reveal opportunities for mutually beneficial cooperation. Whether or not these substitutes can effectively serve the function that the price system does is the crux of the debate in comparative institutional analysis.”
― Peter Boettke, The Socialist Calculation Debate: Theory, History, and Contemporary Relevance