Late-Soviet economists (Russian, Polish, Hungarian) spent the later decades of the USSR trying to mend the broken connections and solve information failures in a planning system that could never be made complete — and later generations of neoclassical economists are doing exactly the same thing, on the same misunderstanding that information failures can be solved in a world that is always becoming something else.
causalpending
Speaker
Abby InnesEvidence Quote
“the later generations of neocclassical economists like their cousins in the Soviet block spend their lives trying to solve information failures on the misunderstanding that this is something that you can do in a world that is evolving”
Created: 6/18/2026, 1:57:30 PM
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