EH.Net Mailing List Archive: HES

HES: Re: QUERY--Local_Knowledge_and_The_Incredible_Bread_Machine_in_the_history_of_economic_thought

Samuel Bostaph (bostaph at udallas.edu)

Thu Sep 28 11:42:36 EDT 2006

Historical explanation is hardly "ideological assertion."  Admittedly, I  
presented no detailed historical summary of the decline of the planned  
economies of the world, nor did I present either a summary of the Mises  
explanation of the inability of central planners to use economic calculation  
in planning or a summary of the Hayek explanation of the knowledge problem  
faced by central planner; however, the general historical facts are  
well-known, as are the Mises/Hayek sources.  
  
Samuel Bostaph