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There Is, In A Competitive Society, Nobody Who Can Exercise Even A Fraction Of The Power Which A Socialist Planning Board Would Possess.
-Friedrich August Von Hayek
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There Is, In A Competitive Society, Nobody
Friedrich August Von Hayek
There Is, In A Competitive Society, Nobody Who Can Exercise Even A Fraction Of The Power Which A Socialist Planning Board Would Possess.
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Exercise
Boards
Planning
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When We Ask What Ought To Be The Relative Remunerations Of A Nurse Or A Butcher, Or A Coal Miner And A Judge At A High Court, Of The Deep Sea Diver Of The Cleaner Of Sewers, Of The Organiser Of A New Industry And A Jockey, Of The Inspector Of Taxes And The Inventor Of A Life-saving Drug, Of The Jet-pilot Or The Professor Of Mathematics, The Appeal To 'social Justice' Does Not Give Us The Slightest Help In Deciding.
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Unlike Proportionality, Progression Provides No Principle Which Tells Us What The Relative Burden Of Different Persons Ought To Be The Argument Based On The Presumed Justice Of Progression Provides No Limitation, As Has Often Been Admitted By Its Supporters, Before All Incomes Above A Certain Figure Are Confiscated, And Those Below Left Untaxed.
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