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Optimal... hmmmm. I wonder if President Obama is familiar with the works of Kantorovich.
1 posted on 10/18/2012 7:39:52 PM PDT by Nachum
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To: Nachum

I didn’t actually read the whole article but that never stops we Freepers from jumping into the conversation.

I just wanted to point out that there does exist a computer that runs a complex but comprehensible algorithm that will compute the optimum quantity, type and price of all the goods and services required or desired by society.

Surprisingly it is not a digital computer. Its the other kind.

It’s an analog computer and we in the trade call it THE MARKET.


2 posted on 10/18/2012 8:04:33 PM PDT by InterceptPoint
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To: Nachum

WTF? Just the way this is written, is this some kind of creative writing project?


3 posted on 10/18/2012 8:35:07 PM PDT by 92nina
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To: Nachum
optimal planning for a socialist economy

Confucius say, Socialist economy like four dead Americans -- not optimal.

4 posted on 10/18/2012 8:42:09 PM PDT by kevao (Is your ocean any lower than it was four years ago?)
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