"Under central planning neither planners, managers, nor workers had incentives to promote the social economic interest. Nor did impeding markets for final goods to the planning system enfranchise consumers in meaningful ways. But central planning would have been incompatible with economic democracy even if it had overcome its information and incentive liabilities. And the truth is that it survived as long as it did only because it was propped up by unprecedented totalitarian political power."
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Academics from the United StatesEducators from the United StatesSocial anarchistsEconomists from the United States
Original Language: English
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Robin Hahnel, The ABC's of Political Economy, (2002) London: Pluto Press. p. 262.
https://en.wikiquote.org/wiki/Robin_Hahnel
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Robin Hahnel
Robin Eric Hahnel (born March 25, 1946) is an American economist and Professor of Economics at . He was a professor at American University for many years and traveled extensively advising on economic matters all over the world. He is best known for his work on economics with Z Magazine editor .
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