Re: Critique of mathematical economi cs

[Charles Brown]

>>> [EMAIL PROTECTED] 02/08/01 12:02PM >>>

>CB: Well, doesn't it come down to this ? Some of us know from experience, 
>from the facts of history that the overall economy cannot be effectively 
>carried out with a market and its pricing system.  It is the facts of the 
>history of capitalism that refute Hayek's claim that the market is better 
>than planning.
>

And we also know from experience that it cannot as a whole be effectively 
planned. Which leaves us where?

(((((((((

CB: No, we don't know that. Experience and history have not ruled out the 
effectiveness of planning as thoroughly as the effectiveness of not planning.