"Aside from Yugoslavia, experiments with decentralization did not extend to planning innovation, the greatest weakness…"

"The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see …"

"Big industry, competition and generally the individualistic organization of production have become a fetter which it …"

"What will be the consequences of the ultimate disappearance of private property? Society will take all forces of prod…"

"Such terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarian…"

"I still see Hayek as the best critic of all forms of centralized economic planning. It is to his merit to have shown …"

"As a result of the efforts of Hayek, Friedman, and the many others who share their general outlook, the idea of a cen…"

"Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or im…"

"Under central planning neither planners, managers, nor workers had incentives to promote the social economic interest…"

"A fully planned economy was based on the government deciding the priorities for production. Government ministries the…"