traut_

30%
Flag icon
Both competition and central direction become poor and inefficient tools if they are incomplete; they are alternative principles used to solve the same problem, and a mixture of the two means that neither will really work and that the result will be worse than if either system had been consistently relied upon. Or, to express it differently, planning and competition can be combined only by planning for competition but not by planning against competition.
The Road to Serfdom: Text and Documents: The Definitive Edition (The Collected Works of F.A. Hayek Book 2)
Rate this book
Clear rating