I think you have a point there. Planned economy is called a “failed experiment” with much greater confidence than justified. Not so sure about “extremely” and what “significantly” should mean here, though.
My current position after updating on the evidence form skimming through that paper is that capitalism probably is better for some things, planned economy better for others, and that whether the historical performance of socialist planned economies lags behind that of capitalism depends on what assumptions you make, which countries you hold as comparable and so on, but the answer probably is somewhere between “no” and “yes, but not by all that much”.
I think you have a point there. Planned economy is called a “failed experiment” with much greater confidence than justified. Not so sure about “extremely” and what “significantly” should mean here, though.
My current position after updating on the evidence form skimming through that paper is that capitalism probably is better for some things, planned economy better for others, and that whether the historical performance of socialist planned economies lags behind that of capitalism depends on what assumptions you make, which countries you hold as comparable and so on, but the answer probably is somewhere between “no” and “yes, but not by all that much”.