Describe the potential role for markets in a socialist system. In your answer make sure to include a discussion of
· a detailed summary of Mises’ description of the nature of economic calculation and possibility of rational economic calculation in a socialist economy. Could there be a rational calculation in a socialist economy according to Mises, why or why not? How is nationalizing companies is different than having a shareholder-manager conflict according to Mises?
·
how Chinese reformers benefited from the “socialist calculation debate”. Weber pointed out to Oskar Lange’s challenge against Mises, how Chinese reformers adapted these ideas?