3 ms·
The hard part of such as system is defining the objectives and the economical model to use, but that work is left to politicians, not programmers. Once the mode
by andr 17y ago
The hard part of such as system is defining the objectives and the economical model to use, but that work is left to politicians, not programmers. Once the model is known, it is much simpler to write a program which applies it to get from the current situation to the objective. 1 year sounds perfectly reasonable.
- CWuestefeld 17y agoYes, the technical aspects of network communication are relatively trivial. The actual economic planning absurdly difficult -- impossible, in fact. Friedrich Hayek showed (and won a Nobel Prize for his work) that the coordination of production in the economy is achieved by using money as the channel of communication, which neatly encapsulates all of the information about preferences, substitutability, etc. Planned economies are necessarily subject to shortages and the like because it's impossible for any centralized entity to have all the knowledge about what the goals and needs of all actors are. The article argues against the establishment of a Central Pricing Board (advocated by Lange) by highlighting the assiduously dynamic and organic nature of market price-fluctuations, and the benefits of this phenomenon. He asserts that a centrally planned market could never match the efficiency of the open market because any individual knows only a small fraction of all which is known collectively. A decentralized economy thus complements the dispersed nature of information spread throughout society. http://en.wikipedia.org/wiki/The_Use_of_Knowledge_in_Society http://en.wikipedia.org/wiki/The_Use_of_Knowledge_in_Society