3 de Junio de 2010
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Bitácora de Juan Ramón Rallo Julián
Cita económica del 3-VI-2010
When one compares two countries and finds the one well stocked with roads, buildings, machines and unfinished goods inventories, while the other is relatively poor in these tangible things, one does feel that one knows which country will enjoy the greater volume of output. It may be noted that our tendency to make this kind of judgment about a nation’s economic futures rests, if it is to be at all valid, on an implicit faith in the past and future ability of a market economy to coordinate plans.
Israel Kirzner, Essays on Capital and Interest: An Austrian perspective, An essay on capital, 1966, p. 42
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