Chaos Theory and Leftist Economics

Ian Murray seamus2001 at home.com
Fri Nov 2 15:04:56 PST 2001


From: "Forstater, Mathew" <ForstaterM at umkc.edu>


> It has always amazed me how much the Austrians talk about private
> "planning" but have no patience for public planning (to say the
least).
> Discussing consumption theory, (Austrian economist Ludwig) Lachmann
once
> wrote "If firms can make plans, why not households?" And why not, I
> wanted to ask him, not neighborhoods, communities, cities, states,
> nations, or regions? I suppose the answer would be, they can, as
long
> as they're privatized.
>
========= Good thing he never read any legal or social theory that debunks the public/private distinction[s]

Ian



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