Re: [OPE-L] Cockshottâs efficiency rule.

[Paul Cockshott <wpc@xxxxxxxxxxxxx>]

Alejandro Agafonow wrote:

> Briefly considering the Cockshottâs efficiency rule posted at Owen
> Institute Forum.
>
>
>
> As a market socialist I would state that is a better option in terms
> of administrative costs and a properly consideration of primary data
> inputs, a Cockshottâs efficiency rule modified in a Langean fashion:
>
>
>
> Mechanism 2* [The central planner adjusts prices of the core higher
> order goods according to the producers demand, that ultimately relates
> with the market clearness of consumersâ commodities] does the fine tuning.
>
> Mechanism 1 [A computerised stock control system keeps track of the
> rate at which things are being sold and adjusts production] is
> superfluous.
I think this is based on an idealisation of the information flows in a
real capitalist economy. I would suggest that in contemporary capitalism
most flow adjustments are actually induced by computerised stock control
systems run by the super markets.  If you got rid of these tried to
create markets to replace them you would have both chaos and a big loss
in efficiency.

I think that rather than read what austrian and neoclassical economists
say about information flows regulated by prices, one should look at how
big supermarket chains like Wallmart and Tesco actually operate.

> Kindly,
>
> Alejandro Agafonow
>
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--
Paul Cockshott
Dept Computing Science
University of Glasgow



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