Episode

Can AI Solve the Socialist Calculation Problem?

Podcast
The Human Action Podcast
Published
Mar 27, 2026
Processing state
not_requested
Canonical source
https://mises.org/podcasts/human-action-podcast/can-ai-solve-socialist-calculation-problem
Audio
https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-03/HAPod-543-20260327.mp3
JSON
/v1/public/podcasts/the-human-action-podcast-1569402/episodes/can-ai-solve-the-socialist-calculation-problem
Markdown
/podcast/the-human-action-podcast-1569402/can-ai-solve-the-socialist-calculation-problem.md

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Summary

Bob untangles two arguments that even Austrian economists sometimes conflate: Mises' calculation problem and Hayek's knowledge problem. Then, he explains why the distinction matters, especially in light of recent claims that AI and modern computing could finally make central planning viable. Related: Bob's Article, "Socialism: The Calculation Problem Is Not the Knowledge Problem": Mises.org/HAP543a The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree