Interesting line

From an economist at SOAS:

One that shed considerable doubt on the ability of a radically decentralised system of economic co-ordination to assess risk and promote general welfare.

SOAS as a \”school\” really seems not to like markets very much.

But let\’s take the counter to this idea, say that there should be a centralised system of economic co-ordination to assess risk and promote general wrlfare.

Umm, like the Fed, ECB, BoE, OECD?

Those people who spotted, in advance, what was going wrong?

2 thoughts on “Interesting line”

  1. We’re not all champagne socialists, us SOASians! If you’re ever around Russell Square, come for a drink Tim – there’s plenty of people who’d like to hear your thoughts.

  2. I don’t think she’s advocating more power to the central banks, Tim. Instead surely it’s a radically centralised system of economic co-ordination…

    For a clue as to what sort of a system that might be, note that she’s a former economic advisor to Hugo Chavez.

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