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Mocker
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Join Date: Jun 2003
Location: Harlem
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Oct 28th, 2003, 08:03 PM
I don't even think you know what the efficient allocation of resources means.
People want bread, so you make the bread. Okay. But you make the bread through capital goods, which were not efficiently used. Hence, you do not optimize your production of all goods: perhaps bread was overproduced, and shoes underproduced.
A price system prevents such results.
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__________________
I have seen all things that are done under the sun; all is vanity and a chase after wind.
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