# Ludwig von Mises and Economic Calculation Under Socialism, Part 1

**URL:** <https://www.libertarianism.org/podcasts/excursions/ludwig-von-mises-and-economic-calculation-under-socialism-part-1>

**By** George H. Smith

**Published:** November 25, 2015

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Smith discusses the theory of value that provided the foundation for the argument that rational economic calculation is impossible in a socialistic economy.

[Originally published in essay form on April 2, 2013.](https://www.libertarianism.org/essays/excursions/ludwig-von-mises-economic-calculation-under-socialism-part-1)

_Narrated by James Foster._