I am fascinated by the inability of people to process the actual argument about market theory and the price system that Mises/Hayek/Kirzner/Lavoie were making and why the fundamental problem with socialism is neither an incentive issue nor a computational complexity argument. Of course, socialism must face those two problems, but the deeper problem is one of the generation of the knowledge in the first place, and the contextual nature of that knowledge. Remove the context, the knowledge isn't difficult to process, IT IS NOT THERE. As Buchanan once tried to convey -- the market order is defined in the process of its emergence, and this is an open ended and creative process. Mechanism design theory never had an answer to this, and still does not.
It is for this reason that i fundamentally do not understand leftist hostility to AI: it is the only currently plausible mechanism by which the classical Marxist objective of a wealthy industrial society based on a non-market economy could, potentially, be achieved.
cc’
@lenitiv