tag:blogger.com,1999:blog-4159906646513306121.post1126946387270593909..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: Managing money in a centrally planned economy is hardEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4159906646513306121.post-50256837182836214052010-04-06T16:47:42.706-07:002010-04-06T16:47:42.706-07:00Oh, that should read "+ hand-waving about bou...Oh, that should read "+ hand-waving about bounded rationality".<br /><br />Also, let me engage in some amateur sociology of the profession and say that senior economists in the former communist countries, people "in-the-know" are embarrassed of their teachings and compromises at the time so they don't talk about it and the junior people either sort out and go to grad school in the West or they don't know what was going on anyway.Agent Continuumhttp://agentcontinuum.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-4159906646513306121.post-5095863771524297992010-04-06T16:42:06.732-07:002010-04-06T16:42:06.732-07:00"Unit of account" + .
Presumably they w..."Unit of account" + .<br /><br />Presumably they wanted to "get there", eventually, once "the revolution" would *really* take off.Agent Continuumhttp://agentcontinuum.wordpress.com/noreply@blogger.com