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kingraoultoday at 7:29 PM1 replyview on HN

I think commentators here are missing what is really exciting about this. Back in the 70s it was impossible to calculate all the labour inputs to product, so socialist economies had to refer to capitalist economy pricing. This doomed Cybersyn and any other attempt to use the LTV to work backwards.

That problem is now solved.


Replies

chermitoday at 7:40 PM

Are you claiming the pricing problem is solved? That you can set prices without the information gained from market?

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