SA has its own odd version of the “economic calculation problem”.

The problem reflects that the lack of a price mechanism balancing supply and demand cannot be replaced by a full knowledge of the economy in a socialist system and trying to count and record demand and supply through other means...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now