“Putting aside the concerns about the intentions of the rulers and the incentives for the workers, socialism cannot work because the central planner(s) would lack market prices and hence would have no way of determining, even after the fact, if their “rational” plan for production made an efficient use of resources.”
―
Choice: Cooperation, Enterprise, and Human Action
Share this quote:
Friends Who Liked This Quote
To see what your friends thought of this quote, please sign up!
4 likes
All Members Who Liked This Quote
This Quote Is From
Choice: Cooperation, Enterprise, and Human Action
by
Robert P. Murphy255 ratings, average rating, 35 reviews
Open Preview
Browse By Tag
- love (101535)
- life (79494)
- inspirational (75939)
- humor (44405)
- philosophy (31054)
- inspirational-quotes (28944)
- god (26936)
- truth (24768)
- wisdom (24678)
- romance (24391)
- poetry (23340)
- life-lessons (22626)
- quotes (21104)
- death (20575)
- travel (19122)
- happiness (19030)
- hope (18557)
- faith (18415)
- inspiration (17325)
- spirituality (15748)
- relationships (15667)
- life-quotes (15538)
- religion (15401)
- motivational (15338)
- love-quotes (15323)
- writing (14950)
- success (14192)
- motivation (13193)
- time (12877)
- motivational-quotes (12457)


