... then they would have more efficient Gulags?
The most important feature of a market is not money, but decentral decision making and feedback. Also freedom from tort plays a part.
All things that the Soviet Union surely lacked. (And they did have money. (http://en.wikipedia.org/wiki/Soviet_ruble)
... then they would have more efficient Gulags?
The most important feature of a market is not money, but decentral decision making and feedback. Also freedom from tort plays a part.
All things that the Soviet Union surely lacked. (And they did have money. (http://en.wikipedia.org/wiki/Soviet_ruble)