• publisher: FEE
• date: 6/1/1988 12:00:00 AM
• originalFile: 1345-beyond-hayek-critique-of-central-planning.pdf
• typeOfDocument: -1
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• correspondenceTo:
• docReferenceNumber: 1345
• correspondenceFrom:
• author: Tibor R. Machan
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  227 
  Beyond Hayek: 
  A Critique of 
  Central Planning 
  by Tibor R. Machan 
  I
  n his critique of central planning, for its in­
  ability and inefficiency in allocating so­
  ciety's resources, F. A. Hayek summarizes 
  his reasons for preferring the price system to 
  the planned economy: 
  The most significant fact about this [price J 
  system is the economy of knowledge with 
  which it operates, or how little the individual 
  participants need to know in order to be able 
  to take the right a...

• categoryValue: The Freeman
• mainDocument: 4022
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1345-Beyond Hayek: Critique of Central Planning.pdf