TweetOver at EconLog, Kevin Corcoran has an excellent post refuting a naive-person’s assertion that central planners can acquire all the knowledge they need to successfully ‘plan’ an economy simply by asking people, questionnaire-style, what they want. But there’s an additional point to be made in response to this naive-person’s assertion. The additional point is this:…
The Ultimate Knowledge Problem
The Ultimate Knowledge Problem
20 Oct 2023 Leave a comment
in Austrian economics, F.A. Hayek Tags: economics of central planning
Is @BernieSanders right? Is there a difference between socialism and communism?
24 Apr 2020 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of regulation, growth disasters, income redistribution, industrial organisation, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, privatisation, property rights, Public Choice, rentseeking, survivor principle Tags: economics of central planning, fall of communism, regressive left, The fatal conceit
when four millennials traveled to Cuba recently to investigate socialism
08 Feb 2020 Leave a comment
in Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, industrial organisation, labour economics, law and economics, macroeconomics, Marxist economics, politics - USA, property rights, Public Choice, theory of the firm Tags: Cuba, economics of central planning, fall of communism
When Marxists are mugged by reality
29 Sep 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, economics of regulation, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, labour economics, law and economics, managerial economics, market efficiency, Marxist economics, organisational economics, personnel economics, property rights, Public Choice, public economics, rentseeking, survivor principle Tags: economics of central planning, fall of communism, The fatal conceit
The man who could not believe Marks & Spencer was open to the public
17 Apr 2019 Leave a comment
in economic history, economics of bureaucracy, Marxist economics, Public Choice Tags: economics of central planning, fall of communism
Central planning on steroids
13 Nov 2018 Leave a comment
in economics of education, human capital, labour economics, Marxist economics, occupational choice Tags: China, economics of central planning, The fatal conceit, The pretence to knowledge
Bruce Caldwell – The Road to Serfdom
07 Aug 2018 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, F.A. Hayek, history of economic thought, law and economics, property rights, Public Choice Tags: economics of central planning
How Don Lavoie Changed the Debate about Socialism and Central Planning
12 May 2018 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, industrial organisation, Marxist economics, property rights Tags: economics of central planning
Hayek (1976) on why the Road to Serfdom was wrong on socialism leading to totalitarianism
25 May 2016 Leave a comment
in F.A. Hayek, Marxist economics Tags: economics of central planning, Road to Serfdom
62 years ago North and South Korea signed a truce
28 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, liberalism, Marxist economics, Public Choice, rentseeking Tags: collapse of communism, economics of central planning, failed states, North Korea, South Korea
https://twitter.com/TheEconomist/status/625658259861598209/photo/1
Truce is signed and the fighting ends in Korea on this day in 1953. nyti.ms/1D1Yswe http://t.co/O9a8iJgE99—
NYT Archives (@NYTArchives) July 27, 2015
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