[OPE-L:4796] Re: opposition to Hayek

Michael Williams (mwilliam@compuserve.com)
Tue, 15 Apr 1997 15:34:02 -0700 (PDT)

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Paul C. writes:
> 1. Insufficient use of detailed i/o tables in planning
> 2. I/O tables used at too high a level of aggregation
> 3. No systematic attempt to use labour theory of value in
> cost calculations

Michael W.
Does this not caste a bit of doubt on your assertion (reinforced by your
wandering whether I(?) had lived through the 20th Century) that actually
existing socialisms provide an exemplar of planning with vertically
integrated labour times.

> 4. Use of subsidies and payment in kind systematically resulted
> in labour inputs costs being underestimated
> 5. Continued use of money mystified social relations

Not very clear. If your empirical work shows how closely vertically
integrated labour times and money prices are correlated (etc), why not use
the informational and quasi-automatic properties of market resource
allocation, suitably socially controlled, of course?

> 6. Insufficient use of modern technology in economic control,
> too low a priority given to information technology

An interesting list. I will try to read some of your papers, at least, when
I can find time.

Comradely greetings,

Dr Michael Williams
"Books are Weapons"

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