Changes

167 bytes removed ,  14:35, November 22, 2009
Line 62: Line 62:     
[[Friedrich Hayek]] and [[Ludwig von Mises]] were important critics of socialism, particularly regarding what is known as the Socialist Calculation Debate.  Hayek and Mises argued that a socialist economy would face information constraints that would prevent even well intentioned planners from efficiently allocating resources.  That is, the planners would not know how much a battleship or a hospital cost, and could not efficiently allocate resources among different choices.  This criticism should be considered as compatible with, but independent of, criticisms based on [[Public choice theory]] that bring into consideration the incentives of political actors.
 
[[Friedrich Hayek]] and [[Ludwig von Mises]] were important critics of socialism, particularly regarding what is known as the Socialist Calculation Debate.  Hayek and Mises argued that a socialist economy would face information constraints that would prevent even well intentioned planners from efficiently allocating resources.  That is, the planners would not know how much a battleship or a hospital cost, and could not efficiently allocate resources among different choices.  This criticism should be considered as compatible with, but independent of, criticisms based on [[Public choice theory]] that bring into consideration the incentives of political actors.
−
  −
When I came to America in 1980 and experienced life in this country, I thought it was fortunate that those living in the USSR did not know how unfortunate they were.
      
Svetlana Kunin, retired software developer in [[Connecticut]], lived in the Soviet Union until 1980 where she was a civil engineer. Writing a series of articles in ''Investors Business Daily'', she  warns America of the socialism she sees it pursuing. Below are excerpts:  
 
Svetlana Kunin, retired software developer in [[Connecticut]], lived in the Soviet Union until 1980 where she was a civil engineer. Writing a series of articles in ''Investors Business Daily'', she  warns America of the socialism she sees it pursuing. Below are excerpts:  
Block, SkipCaptcha, Automoderated users, edit
2,414

edits