Editing Economic calculation problem (section)

=== Exaggerated claims ===
One criticism is that proponents of the theory overstate the strength of their case by describing socialism as impossible rather than inefficient.<ref>Caplan, Bryan (January 2004). "Is socialism really "impossible"?" ''Critical Review''. '''16''' (10): 33–52.</ref><ref>Gordon, David (10 January 2004). [https://mises.org/library/socialism-really-%E2%80%98impossible%E2%80%99-bryan-caplan "Must Economies Be Rational?"] ''Mises Review''. Mises Institute. '''10''' (3). Retrieved 17 June 2020.</ref><ref>Boettke, Peter J.; Leeson, Peter T. (2004). [https://web.archive.org/web/20200220034701/https://pdfs.semanticscholar.org/94b2/457500a38ed35c60cb35f1f25ae1bbf08118.pdf "Socialism: Still Impossible After All These Years"]. Mises Institute. Retrieved 17 June 2020.</ref> In explaining why he is not an [[Austrian School]] economist, [[anarcho-capitalist]] economist [[Bryan Caplan]] argues that while the economic calculation problem is a problem for socialism, he denies that Mises has shown it to be fatal or that it is this particular problem that led to the collapse of authoritarian socialist states. Caplan also states the exaggeration of the problem; in his view, Mises did not manage to prove why economic calculation made the socialist economy 'impossible', and even if there were serious doubts about the efficiency of cost benefit analysis, other arguments are plentiful (Caplan gives the example of the incentive problem).<ref name=":0">Caplan, Bryan (2003). [https://econfaculty.gmu.edu/bcaplan/whyaust.htm "Why I Am Not an Austrian Economist"]. George Mason University. "Austrians have overused the economic calculation argument. In the absence of detailed empirical evidence showing that this particular problem is the most important one, it is just another argument out of hundreds on the list of arguments against socialism. How do we know that the problem of work effort, or innovation, or the underground economy, or any number of other problems were not more important than the calculation problem?" Retrieved 21 April 2020.</ref>