Vivek Chibber sadly fails to see that his arguments for market "socialism" lead to a naturalization of orthodox economic theory. His model would still produce the same pathologies as any economy where market competition and profit-maximization are permitted. jacobin.com/2026/05/cent...
Central planners had a rational vision: replace the anarchy of the market with conscious coordination. Vivek Chibber explains why calculation and incentive problems undermined that vision, but a diffe...
