On Mar 5, 2009, at 1:32 PM, andie nachgeborenen wrote:
> And of course we do have 70+ experience of socialist (nonmarket)
> entrepreneurship and attempts at innovation in a variety of
> countries -- some fairly advanced industrially, like the DDR and
> Czechoslovakia. The results are not quite as grim as Hayek predicted
> but they are not promising. Janos Kornai have a revealing char
> comparing innovations introduced by state socialist vs. capitalist
> counties. I don't have the book here, but I think of of 15 important
> ones the SSC got two, the satellite being one, if I recall.
I'm not sure what the political relevance of this debate is today. No one is about to institute anything like Soviet-style planning anywhere. We live in societies choking on markets that could use a little more democratic planning. Who knows where it all could lead?