you see, Ian, that's where the Austrians adopt Coase as one of their own. (As you probably know) He argued that prohibitive 'transactions costs' made 'laissez-faire' *within the walls of the firm*...um...unworkable...so it's 'free and spontaneous' outside the walls only, and authoritarian dictatorship inside. check your freedom and spontaneity at the door, please!
-----Original Message----- From: Ian Murray [mailto:seamus2001 at home.com] Sent: Friday, November 02, 2001 4:27 PM To: lbo-talk at lists.panix.com Subject: Re: Chaos Theory and Leftist Economics
----- Original Message ----- From: "Michael Perelman" <michael at ecst.csuchico.edu> To: <lbo-talk at lists.panix.com> Sent: Friday, November 02, 2001 2:09 PM Subject: Re: Chaos Theory and Leftist Economics
> They argue against planning, despite its existence.
>
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We ought to tell that to more workers and managers! :-)
Worker: "Don't plan on me coming in tomorrow"
Manager: "Why?"
Worker: "Well I've been reading Austrian economics and they say planning is virtually impossible in a market economy due to chaos and that spontaneous forms of order are in the best interests of human freedom."
Manager: "Oh. Well then, don't plan on coming in the day after that either. Or any other day."
Ian