Hayek Order
Monday, March 21, 2011
No Planning, please
Centralization is of course particularly dangerous where governance is poor but even when governance is not a serious problem, centralization is likely to be inefficient because bureaucratic decision-making, subject to multiple levels of accountability, is inherently sluggish, rule bound and unlikely to promote risk-taking. It suffers from greater inertia being less likely to acknowledge mistakes and change course when evidence begins to suggest that it should.
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Narasing
March 21, 2011 at 3:38 PM
Welcome back from the Mises Institute
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Welcome back from the Mises Institute
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