The economic calculation problem was noted as early as the 1850s. In contrast, the “Communist Manifesto” was published in 1848. The economic calculation problem does seem to point out a hole in the bucket of central planning. A leaky bucket can still carry some water, of course. A review of the history of the theory and an explanation of the theory can be found in “Posing the Problem: The Impossibility of Economic Calculation under Socialism” by David Ramsay Steele [http://www.la-articles.org.uk/ec.htm]
The economic calculation problem was noted as early as the 1850s. In contrast, the “Communist Manifesto” was published in 1848. The economic calculation problem does seem to point out a hole in the bucket of central planning. A leaky bucket can still carry some water, of course. A review of the history of the theory and an explanation of the theory can be found in “Posing the Problem: The Impossibility of Economic Calculation under Socialism” by David Ramsay Steele [http://www.la-articles.org.uk/ec.htm]