[109], Market abolitionists such as David McNally argue in the Marxist tradition that the logic of the market inherently produces inequitable outcomes and leads to unequal exchanges, arguing that Adam Smith's moral intent and moral philosophy espousing equal exchange was undermined by the practice of the free market he championedthe development of the market economy involved coercion, exploitation and violence that Smith's moral philosophy could not countenance. [7] It asserts that a society based on freedom and justice can only be achieved with the abolition of authoritarian institutions that control specific means of production and subordinate the majority to an owning class or political and economic elite. Here, the producer is the owner of the product, there, the product is put to the possession of the collectivity". The central agency would have the necessary statistics on the economy, as well as the capability of using statistics to direct production. The economy could be represented as a system of equations. [109] Those left-libertarians who support property do so under different property norms[110][111][112][113] and theories,[114][115][116] or under the condition that recompense is offered to the local or global community. [This is the last formal talk of Ludwig von Mises [1881-1973], delivered May 2, 1970 at an economic seminar sponsored by The Society of Praxeology in Seattle, Washington. Liberalism as a philosophy was built on the ideas of the enlightenment. Historically, these kinds of market socialist systems attempt to retain state ownership of the commanding heights of the economy such as heavy industry, energy and infrastructure while introducing decentralised decision making and giving local managers more freedom to make decisions and respond to market demands. In market socialism, prices are determined by the government and the goal is to achieve market equilibrium while, in a mixed economy, prices are determined by the market's shifts - although the government can intervene to "protect" citizens and prevent economic inequalities. Yet when one scratches the surface of an American libertarian, they get their own Wikipedia list as well: Libertarian, Liberal, and Socialist Concepts of Disributive Justice

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