So Gosplan economists independently discovered Mises' "rational calculation" problem? That's almost as amazing as Comrade Stalin inventing the airplane!
>From: john hull <[EMAIL PROTECTED]> >Reply-To: [EMAIL PROTECTED] >To: [EMAIL PROTECTED] >Subject: soviet economists >Date: Thu, 26 Sep 2002 12:30:15 -0700 (PDT) > >Howdy, > >Here's an interesting quote on one of the diffuculties >of a planned economy, from Robert Conquest's >"Reflections on a Ravaged Century," W.W. Norton, 2000, >pg 102-103: > >"Soviet economists, as soon as they got the chance, >pointed out that the problem of setting prices was >insoluble. Twenty-four to twenty-five million >industrial prices alone per annum, each backed by >thousands of pages of documentation, had to be handled >by the State Commission on Prices." > >What a pickle! > >-jsh > >__________________________________________________ >Do you Yahoo!? >New DSL Internet Access from SBC & Yahoo! >http://sbc.yahoo.com _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com
