Re: Re: Re: Re: Re: Re: summary of calculation debate

[Rob Schaap <carob@xxxxxxxxxxxxxxx>]

G'day all,

I can't find it right now (although I'm gonna look for it tonight), but a
bloke called Doug Ohmans sent a paper to this list a while back which
attempted to incorporate the rewarding of (real) entrepreneurs with a
basically socialist system (respecting a lot of Marxian theory).  I remember
finding some really good ideas in it, and then, alas, I remember forgetting
what they were.

Are you there, Doug Ohmans?

Cheers,
Rob.


Justin wrote:

><< Hayek should have to point out that real markets are
> > dynamic and have nothing to do with static equilibrium equations--or am
I
> > misunderstanding Hayek?
>
> Absolutely correct.  Although he neglects the problem with handling
dynamic
> information in his own theory.  He assumes that static prices convey
>sufficient
> information. >>
>
>This misses H's point about the entrepreneur. The E doesn't just look at
>prices. He goes out and gets information about what peiople want, what
>resources there are, what concrete means exist to satisfy these needs. He
>relies on price information,a nsd expects others to, because (the Hayeklian

>point) no one can know as much about everything as he does about his little

>bit. But H's system runs on entrepreneurial knowledge, not on price
>crunching.  It is because markets encourage entrepreneurship that H is so
>keen on them.
>
>--jks
>
>