tag:blogger.com,1999:blog-6959751201989948904.post4270488136414131176..comments2023-10-16T08:12:48.795-04:00Comments on Uncommon Liberty: Bad Economics in Literature I: Isaac AsimovUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6959751201989948904.post-69011026540614397702008-07-12T14:10:00.000-04:002008-07-12T14:10:00.000-04:00Good comments both. I couldn't find my copy of Be...Good comments both. I couldn't find my copy of Bellamy, so I just read the particular chapter online, and I had forgotten about Bellamy's predictions. I hope I didn't inadvertantly portray him as an idiot, because I certainly don't think he was--and he was writing well before the Austrians and Schumpter.<BR/><BR/>JamesK caught my main point and stated it rather more clearly than I did-James Hanleyhttps://www.blogger.com/profile/18431950784819780004noreply@blogger.comtag:blogger.com,1999:blog-6959751201989948904.post-88503554827401581172008-07-12T01:16:00.000-04:002008-07-12T01:16:00.000-04:00Well put James. No computer that exists or ever c...Well put James. No computer that exists or ever could exist can plan an economy, it would require information that is unobservable, like consumer preferences.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6959751201989948904.post-7987701283828386772008-07-11T22:18:00.000-04:002008-07-11T22:18:00.000-04:00Edward Bellamy!Interestingly, Bellamy envisioned a...<I>Edward</I> Bellamy!<BR/><BR/>Interestingly, Bellamy envisioned a market-driven pricing system in his socialist economy. It just governed the cost of production, not the cost of consumption. If a job was difficult or unpleasant, the central planners would lower the hours in the work week until they had enough volunteers who wanted to do it. For easy jobs, they raised the hours until enough Scott Hanleyhttps://www.blogger.com/profile/13332208542776592894noreply@blogger.com