Cluster of Errors

Saturday, October 30, 2004
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In studying and courting info on mediaval natural law, I came up with this nonsense:

Mises criticism of the difficulty of economic calculation under socialism is true but irrelevant. No doubt the central plan was full of defects, but the Soviet economy did fine despite the central plan. The economy only began to falter when government organizations started raiding each other. Armed raids by one government agency to seize stuff under the control of another government agency became commonplace, rendering the plan irrelevant.

Mises theory of human action is correct, but the important thing is not to apply it merely to allocation of resources, as Mises did, but to questions of good and evil, lawful and unlawful, as Hayek did. Knowledge of the rights of man is more important than knowledge of what area should be planted with cabbages.

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