RE: [OPE] labor tokens and efficiency

> You just have to think it through.
> Suppose enterprise A is producing MP3 players with a total
> expenditure of of 8 hours of labour while enterprise B is
> producing players of the same quality with a total expenditure of
> 10 hours. You're the planner. How do you "price" these items in
> labour-tokens?

Hi Allin:

This gives a lot of power and authority to the planners.

> At the end of the day (after this sort of socialistic tatonnment
> has worked itself out), it will be the A enterprises that get the
> new investment resources, and the Bs (if they fail to improve, or
> to offer a compelling justification for their above-minimal labour
> input) that get closed down.

At the end of the day, it will be decided by whom? The planners?
State bureaucrats?

In solidarity, Jerry_______________________________________________
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Received on Thu May 7 09:20:16 2009