Saturday, July 30, 2016

How Mises Destroyed the Case for Central Planning

This is excellent.

A very important lecture by Professor Joseph Salerno including a brief history of socialist economic thought and, most important, the Mises critique of socialism.

1 comment:

  1. I would like to have heard a more generalized treatment of the core Misesian insights here, e.g., how central planning of any kind, far short of socialism, distorts prices, the information they convey, and thus leads to economic inefficiencies. Also, the application to large corporations and how the loss of intermediary prices often leads to inefficiency.