Quotes About Central planner

Putting aside the concerns about the intentions of the rulers and the incentives for the workers, socialism cannot work because the central planner(s) would lack market prices and hence would have no way of determining, even after the fact, if their "rational" plan for production made an efficient use of resources.

The hardest thing in the world to understand is that people operating separately, through their joint relations with one another, through market transactions, can achieve a greater degree of efficiency and of output than can a single central planner.

The difference between civil servants and private businessmen is that when a central planner makes a mistake, he is likely to disrupt the whole economy and not just a single business.