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Showing posts with the label “central planning”

The Myth of ‘The Invisible Hand of the Market”

“Only once, in 18th and 19th century Britain, did the transformation of energy to coal, transport to railroads and industry to steam power take place via the market co-ordination of investment, without a push from above.” Financial Times, opinion section, ‘For sustainable finance to work, we will need central planning’ , 11 July 2021