Re: Back to slavery

["Devine, James" <jdevine@xxxxxxx>]

Max, who said the quote in the first paragraph?

------------------------
Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine

 
> "Those who object to economic planning on the grounds
> that the problem is solved by price movements can be
> answered by pointing out that there is planning within
> our economic system which is quite different from the
> individual planning mentioned above [individuals who
> "exercise foresight and choice among alternatives" -- mbs]
> and which is akin to what is normally called economic planning."
> 
> I don't know.  If you don't have exchange, there is some
> kind of very different world (inside the firm) where
> transactions are conducted, in contrast to markets.
> It's even more screwy if the manager is not the owner.
> 
> I'd say the implications were potentially radical, but
> they didn't spin out that way as far as the profession
> is concerned.  For obvious reasons.
> 
> It's been a while since I read Lange/Taylor, but I'm reminded
> of their pricing scheme while reading about Federal gov
> contracting.  The Feds have this body of regulations known
> as A-76 which are guidelines for organizing a market as
> a way of making decisions about contracts.  It's basically
> unwieldy and not much used, but in a sense it's socialism
> in action.  :-)
> 
> mbs
> 
> 
> 
> 
> . . . This stuff isn't radical. It was developed by Coase, 
> who's very much
> part of the Chicago school of laissez-faire economics.
> 
> Jim
>