On growth through planning

posted by
February 13, 2011
Adam Smith Institute
by Tim Worstall  
Posted in Commentary

"One of the rather annoying memes running around is that certain of the East Asian tigers managed to grow their economies through the use of planning rather than markets: thus we too should have more planning and less markets. My own opinion of this idea is that it's nonsense in our own situation: lovely people though both may be neither Ed Balls nor George Osborne strike me as competent to decide whether a computer company should go here or there, nor whether there should be a new computer company: not even whether computers should be new or not." (02/13/11)

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