Central Planning

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A piece of pre-Obamacare propaganda reveals the extent of the errors and distortions that fueled the debate and helped get the monstrous legislation passed.

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There are no masters at the top who know what’s best for everyone

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Many Cuban Americans still carry grudges from the Castro regime. But 55 years on, warming relations can only be a boon for both Americans and our nearest island neighbors.

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Changing how productivity is measured does not increase productivity.

Clichés of Progressivism

#25 – “If Government Doesn’t Relieve Distress, Who Will?”

OCTOBER 03, 2014 by LEONARD E. READ

Without government assistance, a massive amount of private, voluntary aid has poured forth from American citizens since the first settlement here.

Clichés of Progressivism

#16 - Ownership Must Be Tempered by Sharing

AUGUST 01, 2014 by LAWRENCE W. REED

A person has an incentive to care for what they own, but take away ownership and the incentive disappears.

Clichés of Progressivism

#8 – The Economy Needs More Planning–Central Planning, That Is

JUNE 06, 2014 by LAWRENCE W. REED

No group of people, no matter how much power they possess, can possibly know more than an infinitesimal fraction of what they'd need to plan an economy.

Blog

The Price Is Right

The Ongoing Folly of Just Price Theory

JULY 26, 2013 by ANDREW HAINES

Even if it adheres to the teaching of Thomas Aquinas, an argument in favor of minimum wage increases is an argument against free exchange.

Feature

Economics and the Calculation Problem

OCTOBER 29, 2012 by ALEX SALTER

Central planning can't deliver resources efficiently because it ignores the full complexity of the price system.Alex Salter lays it out.

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Related Publications

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Economics in One Lesson (full text)

The fastest and best way to discover economic basics

SEPTEMBER 24, 2014 by HENRY HAZLITT

The full text of Hazlitt's famed primer on economic principles: read this first!

Archive

Planned Chaos

JULY 30, 2009 by LUDWIG VON MISES

A provoking study and analysis of the results of state intervention and state planning. Mises explains how the pursuit of a mixed economy will always lead to socialism and can never avoid the business cycle.