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
