Pg 249 De Soto's definition of socialism:
"any organized system of institutionalized aggression against entrepreneurship adn human action"
Rafe Multipass's List: Socialism
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Definitions
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Feb 15, 10
Unfortunately this article is no longer publicly available. If you have iliad i highly recommend it as it attempt to provide a taxonomy for different varieties of socialism.
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Feb 15, 10
Definition incorporating the aspect of entrepreneurship and freedom do deploy knowledge.
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Centralized decision making and epistomology
centralized knowledge deployment vs decentralized.
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he reason for this is that the "data" from which the economic calculus starts are never for the whole society "given" to a single mind which could work out the implications and can never be so given.
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the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.
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Economic Calculation problem
The impossibility to engage in cost accounting without a market.
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