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    Default Planning the End of Planning: Disintervention and the Knowledge Problem



    Kyle O’Donnell is a third year PhD student in the Department of Economics at George Mason University and a Mercatus Center PhD Fellow. Kyle was selected as a Koch Summer Fellow in 2010. He earned a BA in History and Economics from Purchase College, State University of New York. Kyle’s research focuses on drug prohibition and the knowledge problem.


    http://mercatus.org/kyle-odonnell


    Planning the End of Planning:
    Disintervention and the Knowledge Problem

    Kyle O'Donnell - Purchase College, SUNY


    ABSTRACT:

    State intervention inevitably fails due to the inherent flaws as highlighted by
    Austrian political economy. Interventionism distorts prices, disrupts the competitive discovery process, and is socially harmful. Disintervention is posed as a solution, yet typical disintervention is often a centrally planned solution to the problems inherent to central planning. In many ways intervention and disintervention share key similarities and key flaws. Whereas the typical Austrian critique is a largely one way story, this essay will examine more closely the problem of disinterventionism by applying much of the same framework used to critique various forms of interventionism. In the end I paint the picture that (centrally planned) disinterventionism suffers in many of the same ways as its interventionist sibling.

    http://www2.gcc.edu/dept/econ/ASSC/P...20-%20ASSC.pdf






    all emphasis, [bracketed text], and hyperlinks hereafter are mine
    see pdf for author's notes and works cited




    END THE FED!
    Last edited by presence; 03-24-2016 at 08:41 PM.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...




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