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It is not a problem of mathematics. Most people confuse Mises's calculation problem with Hayek's knowledge problem (which is a mathematical issue). They are related but different. Hayek conceded that knowledge problem can be worked around by a supercomputer which can solve simultaneous differential equations to simulate the "artificial market". Mises never did that because that was not his main point. The ability of government to collect data (local knowledge) is not just what he calls into question. He calls into question the ability of government to reconcile individual preferences with scarcity. "The subjective use value of each is not immediately comparable as a purely individual phe- nomenon with the subjective use value of other men. It only becomes so in exchange value, which arises out of the interplay of the subjective valuations of all who take part in exchange."



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