It appears Justin that you don't have time to read as well as to check your spelling.
You claimed that Hayek had proven that only markets could provide incentives to obtain
information. He hasn't proved anything of the kind, he claimed it. It was an empirical
statement. An empirical statement requires proof. A theoretical statement requires a
logical argument.
If he was making a logical argument, then what was it. If he was making an empirical
statement his prove is inadequate, and one sided. He was making claims about something
that he could not know. Which you or I could not know.
Perhaps it wasn't a theoretical statement or an empirical claim, but simply a article
of faith.
You provided a lot of bluster about the Soviet Union. I am talking about something
much simpler and more in my limited grasp. Real existing non market institutions, that
seem to work perfectly well.
And it wasn't Rob. He has said very little on this. It was me.
Rod
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Rod Hay
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The History of Economic Thought Archive
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