Marginal REVOLUTION

Hayek in Jacobin (opens in new tab)

Here’s something I never expected to write: Jacobin, the magazine of the DSA-aligned left, has a good article on central planning. In an interview, Vivek Chibber lays out essentially the Mises–Hayek–Kornai critique of central planning. Information problems, incentive problems and the consequent failures are laid bare. Moreover, Chibber refuses to lay the blame at the […] The post Hayek in Jacobin appeared first on Marginal REVOLUTION. Related StoriesHow Much Has Shale Gas Saved U.S. Consumers...

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Covered in 2 articles

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