Re: Participatory Planning

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

One problem with Eastern Europe and the xUSSR was that their "leaders"
decided that they wanted to imitate capitalism's drive to accumulate
-- and that with central planning, they could do it more and better!
Just as 50 years  ago people in the US associated smoke with prosperity,
the bureaucratic-socialist leaders polluted more and better. (Sorry
about mangling grammar -- it allowed me to make a cute point.)

BTW, isn't the giant  bell a simple result to deranged incentives?
i.e., the planners decided that the output of bells would be measured
in tons?

sincerely,

Jim Devine   BITNET: jndf@lmuacad    INTERNET: jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950