Paul Samuelson – Master of Economics With the Net Down

Gene Epstein — Requiem for a Failed Messiah:

a bona fide economist, or even just a noneconomist with common sense, would have realized that the Soviet Union was not producing “gross national product” to begin with, much less price-adjusted GNP. In the Soviet system of nonmarket prices, with no capital markets and no competition in . . . → Read More: Paul Samuelson – Master of Economics With the Net Down

Follow FriedrichHayek on Twitter

Random Quote

Any attempt to control prices or quantities of particular commodities deprives competition of its power of bringing about an effective co-ordination of individual efforts, because price changes then cease to register all the relevant changes in circumstances and no longer provide a reliable guide for individual’s actions. — F. A. Hayek

خريد vpn خريد vpn خريد vpn خرید vpn آنلاین