Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
clear that the insights of mechanism design are comparable to, say, Henry Ford’s innovations with the assembly line, or Peter Drucker ‘s recommendations for better relevant information to plug into the parameters, and then derive the “optimal” policy, and (b) the politicians are noble enough to ignore their campaign donors and actually implement this ideal policy. I am personally not convinced on either account. The Socialist Calculation