- publisher: FEE
- date: 6/1/1988 12:00:00 AM
- originalFile: 1345-beyond-hayek-critique-of-central-planning.pdf
- typeOfDocument: -1
- mediaList:
- correspondenceTo:
- docReferenceNumber: 1345
- correspondenceFrom:
- author: Tibor R. Machan
- author3:
- author2:
- relatedDocument2:
- documentHTML:
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
- relatedDocument1:
- relatedDocument3:
- comments:
1345-Beyond Hayek: Critique of Central Planning.pdf