« Healthcare: A Perspective from the Fable of the Bees Pt. I | Main | When Huayna met Francisco: Jared Diamond on Group Selection »



Feed You can follow this conversation by subscribing to the comment feed for this post.


"It can tell us that socialism will anywhere and everywhere fail."

This is bait, right? Surely this is bait?

Harrison Searles

I am being quite serious. Socialism does not have the economic institutions necessary to coordinate production and to put factors of production into their most valued use since it lacks market-determined prices which are a necessary condition for those processes. Ludwig von Mises deserves to be remembered as one of the greatest economists in the previous century for pointing this out in his 1922 book _Socialism_.

The comments to this entry are closed.

Ad-Free Blog


Blog powered by Typepad