In this very short chapter of Human Action, Mises stresses the tremendous significance of economic calculation. It is not simply a habit of businesspeople, but rather a distinct mode of thinking. It is necessary for modern civilization, and the reason for the usefulness of quantitative science. However, Mises underscores the fact that calculation can only work where there is money and where goods of all orders are owned privately.
Source link: http://archive.mises.org/8180/monetary-calculation-as-a-tool-of-action/