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JamesMadison
Posts: 381
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7/29/2012 8:29:14 PM
Posted: 4 years ago
Does anyone disagree that, all else equal, larger government beyond what most developed countries currently have reduces output?
As a general rule, you'll find that, when a conservative is talking about policy, history, economics, or something serious, liberals are nowhere to be found. But, as soon as a conservative mentions Obama's birthplace or personal life, liberals are everywhere, only to dissappear again when evidence enters the discussion.
Wallstreetatheist
Posts: 7,132
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7/29/2012 10:20:56 PM
Posted: 4 years ago
I assume you mean respected economists, so the answer today would most likely be no. However, there were "economists" who thought that way.

Oskar R. Lange argued that a state-run economy could at least be as efficient as, if not more efficient than, a capitalist or private market economy. He argued that this was possible if the government planners used the price system as if in a market economy and instructed state industry managers to respond parametrically to the state-determined prices (minimize cost, etc.). There are others like Leon Trotsky and Janos Kornai who said similar things.
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