244 sats \ 1 reply \ @gnilma 29 Nov 2023 \ parent \ on: Meta Econ Takeover Day 43 (I think) meta
I sent half of the zaps back to your reply plus my usual zap amount in an attempt to fix the accidental double zap.
I agree with you that under dictatorial central planning, there is a huge incentive problem, as people don't truly want to be productive and, like you said, "are pretending to work".
I think when Safedean said that there is not an incentive problem, he might simply be trying to emphasize the economic calculation problem. Maybe downplay the incentive problem a bit to put focus on the economic calculation problem. I think he believes that the economic calculation problem is the true root cause and also the biggest problem causing central planning to fail everytime. Just my speculation though, not trying to put words in his mouth.
I'm sure that is Safedean's view, because he's a devotee of the Austrian School of Economics and that's one of their most famous contributions to economic thought.
reply