- October 23rd, 2011
Останні два абзаца із Capital In Disequilibtium Пітера Левіна:
...[for] economic planning, whether it be interest rate engineering, antitrust regulation, antipoverty planning, or environmental husbanding... [t]o be effective, policy-makers must have or must be able to acquire knowledge of the relevant economic future; of techniques, of preferences, of values. In addition, since government action requires resources that would otherwise be available to private individuals who would be, implicitly through the competitive process, experimenting with various techniques and theories, the extent of “discovery” displaced by such government action is inestimable. There is literally no way to estimate the “cost” of government, since a crucial part of that cost is the loss of valuable knowledge. Knowledge lost cannot be known about.
This is relevant also to the problem of economic development. The “transition to capitalism” cannot be simply bought. Capital equipment can be bought. Buildings can be built. Experts can be hired. But respect for private property cannot be produced. A system of laws that interprets and innovates property rights cannot be easily acquired. A functional monetary system cannot be centrally designed and implemented — the money has first to be accepted. And the necessary human capital structure in all its subtleties and depths cannot simply be replicated. Some transfers can be simply taught, others can be painfully acquired—“learning by doing” or by immersion in “other cultures”—other aspects are more elusive. Prosperity is a miraculous and improbable evolutionary outcome. If it can be transferred at all, it will be by allowing and encouraging the local population to evolve its own particular brand privately.
Хороша книжечка. Крім, власне австрійської теорії капіталу ще приплітаються новий інстутиціоналізм і людський капітал. Відповідні дві глави, призначені їм, мені здалося, трошки не вписуються в текст, але обговорення капіталу (включаючи history of thought), особливо враховуючи, що я не читав класичний текст Лахмана, мені сподобалося.