Blockchain and the information – calculation problem
本文借鉴社会主义计算辩论的见解，分析缺乏市场价格时决策者如何配置资源，并论证区块链技术能为市场出现创造制度环境，从而解决价格缺失问题。
Ludwig von Mises produced an impossibility theorem indicating that economic calculation in the absence of market prices was impossible. This gave rise to the ‘socialist calculation debate’ in the first half of the twentieth century. This paper makes use of the insights of that debate to shed light on other situations where decision makers are required to allocate resources in areas where there are no market prices. A pertinent example would be most corporate social responsibility programs. In the absence of market prices local information cannot be communicated to decision makers. The paper further argues that blockchain technology can create the institutional environment for markets to emerge and consequently overcome the problem of missing prices.