Does anyone know where a nice explanation of this is? I'm very curious.
I think there's something sensible in the notion that decentralized systems offer efficiency, but I suspect von Mises' error is to assume that market economies offer the only decentralized forms of econ cooperation.
And of course, there's often tradeoffs; for example, some may argue dictatorship has the least amount of bureaucracy. But what if there's other factors leading to more bureaucracy? (Like need for police and prisons.)
Tayssir
^^^^^^^ CB; The obvious thought here is , unless the decentralized parts don't have anything to do with each other, doesn't there have to be some coordination of the decentralized parts, in other words the whole ? Socalled centralism is merely asserting the principle of the whole and the relationship of the whole to the parts and the parts to each other. "Central" is a misleading metaphor. It's not like the economy is a "circle" with a "center".