Activity

[...] Intuitively, it is a stretch to assert that a social system with a wide range of goals of which the development of the productive forces is only one, will surpass a society consumed by the singularity of that goal. The incentive-egalitarian balance highlights that trade-off. And if we accept …

Followers of von Mises similarly foreclosed the possibility that entrepreneurship could take place in a variety of institutional settings. Yet even under capitalism, the history of technological breakthroughs was always about more than a series of isolated thinkers suddenly seeing lightbulbs flash …

1. Guaranteeing full employment, universal access to necessities, and a living income.
2. Setting the relationship between present and future consumption through determining the share of GDP to be allocated to investment and growth.
3. Allocating investment to sectors and regions, which they in t…