“Under central planning neither planners, managers, nor workers had incentives to promote the social economic interest. Nor did impeding markets for final goods to the planning system enfranchise consumers in meaningful ways. But central planning would have been incompatible with economic democracy even if it had overcome its information and incentive liabilities. And the truth is that it survived as long as it did only because it was propped up by unprecedented totalitarian political power.”

—  Robin Hahnel

Robin Hahnel, The ABC's of Political Economy, (2002) London: Pluto Press. p. 262.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Under central planning neither planners, managers, nor workers had incentives to promote the social economic interest. …" by Robin Hahnel?
Robin Hahnel photo
Robin Hahnel 5
American economist 1946

Related quotes

Barry Eichengreen photo
David Korten photo
Adair Turner, Baron Turner of Ecchinswell photo
Alan Charles Kors photo
Clement Attlee photo
Ludwig von Mises photo
Mike Rosen photo

“Conservatives believe in free markets. Liberals believe in government controls and central planning.”

Mike Rosen (1944) American political pundit

Rocky Mountain News column, 2000

Related topics