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Robert P. Murphy

“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.”

Robert P. Murphy, Choice: Cooperation, Enterprise, and Human Action
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Choice: Cooperation, Enterprise, and Human Action Choice: Cooperation, Enterprise, and Human Action by Robert P. Murphy
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