Centralization

Doug Henwood dhenwood at panix.com
Wed Jul 3 20:17:28 PDT 2002


Bradford DeLong wrote:


>They *are* experimenting with the process. How do you think
>something like AT&T or Toyota manages its own internal division of
>labor? I think the right point is not a Hayekian "planning is
>impossible" point, but instead a question of accountability: what
>(or whose) ends is the organization serving?

Well, that's a political question about economic organization of the sort that price system mystics don't like to talk about.

Doug



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