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Tag: capitalism

The Knowledge Problem in Central Planning
CULTURE & SOCIETY

The Knowledge Problem in Central Planning

Central planning is not viable because it can never collect enough information about the market to optimally coordinate economic interactions. It is also a path that may lead to a totalitarian state.

Lili Zemplényi
—
09.10.2022
The Structural Failures of Planned Economies I – No Long Term Economic Growth
OPINION

The Structural Failures of Planned Economies I – No Long Term Economic Growth

While some disappointment with capitalism—just like with any system—is completely understandable, the virtues of capitalism must be acknowledged.

Lili Zemplényi
—
21.01.2022

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