>
>I've never read Hayek, but I was under the impression he thought central
>planning a la the Soviet Union wouldn't function at all.
>
>If this is true, how did it manage to continue for 60 years, from the NEP
>to
>perestroika?
You do misunderstand him and ought to read him. He thought that itw ould be
grossly indfficient and wasteful, full of bottlenecks, shortages, long
lines, bad products, missed targets, low innovation; that it would lead to
generalized poverty and resist change in the direction of improvement. He
was right, and right for the specific reasons he gave, as every planner or
industrial manager in the FSU would acknowledge. Read, e.g., Shmevel &
Popov, the Turning Point. indeed, Hayekian ideas drove perestroika itself.
jks
>
>Or maybe I misunderstand Hayek...
>
>Chris Doss
>The Russia Journal
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