A not Unminor problem for the Left

Doug Henwood dhenwood at panix.com
Fri Apr 14 10:02:26 PDT 2000

DANIEL.DAVIES at flemings.com wrote:

>I doubt it. Hayek's planning problem is getting easier, not more
>difficult, every year, and the wasted effort in transactions costs is
>getting greater. Worth remembering that Hayek's critique of planning is an
>empirical claim about the difficulty of planning, not some fantastic
>logical truth (the Lausanne School's proof of optimal allocation through
>market transactions is another matter). If Hayek had lived in the days in
>which linear and even nonlinear) programming was something that could be
>done on a desktop, he might have wondered.

Anyone worked this out in an interesting way?


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