Jump to content
Search In
  • More options...
Find results that contain...
Find results in...


Recommended Posts


Plan balancing algorithms – reply to some criticisms

Worse than Feudalism

A third piece of evidence comes from the work of the economic historian McDonald in his book Production Efficiency in Domesday England which compared the efficiency of feudal agriculture with a number of modern capitalist industries or sectors. He used linear programming to estimate how much different farms or firms could in principle have achieved with their available resources and compared this with what they actually produced. The results, shown below are interesting.


The only economic sample that he could find in the published literature whose mean efficiency of resource usage was actually better than Feudal England in 1086, were US steam power stations. In general, by the standards of linear programming, the other US economic sectors were markedly less efficient even than Feudal manors.

It seems that the opponents of socialist planning have very inflated ideas of how efficient market economies actually are. According to them, socialist planners are hopelessly wrong unless they can optimise problems that even an ideal capitalist economy could not optimise. It does not seem to matter to these advocates of the market that actual capitalist economies are far less efficient at resource utilisation than neo-classical theory predicts.

Link to post
Share on other sites
8 minutes ago, JakeHolman said:



That's the million dollar question, why would anyone want to leave the utopia socialism creates? :wacko:

People like Obrador is why we need better border security more than ever.

Link to post
Share on other sites
  • JakeHolman changed the title to JOE BIDEN'S DYSTOPIAN STATES OF AMERIKA ...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
© 2022 Turner Classic Movies Inc. A Time Warner Company. All Rights Reserved Terms of Use | Privacy Policy | Cookie Settings
  • Create New...