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Two Pages of Fiction
Author(s) -
HAYEK F. A.
Publication year - 1982
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1982.tb01416.x
Subject(s) - oskar , state (computer science) , communism , economic history , political science , economics , economy , law , history , art history , algorithm , politics , computer science
Are the communist economies strong or weak? Russia bristles with arms and uses strong language. But is the socialist economy flawed at the center? Professor Hayek here argues, against the Polish economist Oskar Lange (Polish Ambassador to the USA, 1945–6, subsequently Chairman of Poland's State Economic Council), that without markets the efficient use of scarce resorces is not feasible. Is this why the Polish economy is now in turmoil?