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planned economy

1 thinkers, books, and ideas connected to this field.

Book

The Road to Serfdom

F.A. Hayek's 1944 argument that central economic planning inevitably leads to totalitarianism — that the administrative apparatus needed to implement a planned economy requires concentrating power that will eventually be abused regardless of the planners' intentions.

economicspolitical philosophyliberalismplanned economy
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