[ExI] The End of the Future

[BillK]

On Tue, Oct 4, 2011 at 11:12 PM, Dan wrote:
> While I disagree with characterizing your approach with a "religious" one -- and would warn others here
> to avoid such language as it's merelt the equivalent in this forum of calling some one a jerk and doesn't
> clear up anything -- one problem is perhaps that Stefano is not familiar with the Mises-Hayek critique of
> central planning and of the various debates that have taken place on this over the last 90 years or so.
> (The debaters were not, to inform everyone else here, blissfully unaware of the computational approach.
> In fact, some in the pro-central planning side in the debate has offered this, time and again, as the solution:
> computational power will simply increase and the problem with go away.) Dennis, you mgiht be more
> familiar with Mises, Hayek, etc. and are not explaining all the intermediate steps. Remember, what appears
> obvious to one person might not only appear not obvious but even absolutely wrong.
>
>

Well, if the debate has been going on since the 1920s, perhaps
Mises-Hayek got it wrong? Or perhaps their proposals were incomplete,
or too one-sided?

The inefficiencies of many companies making similar widgets and most
of them going bankrupt are just as obvious as the inefficiencies of
government. (I avoid the term 'free market' as that is a fiction used
only by ivory-tower economists).

The best option seems to be a mix of government for big enterprises
and small businesses for making widgets. That shares the inefficiency
and wastage all around.


BillK