We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
3. Hoff to Frisch.
- Authors
Hoff, Trygve J. B.
- Abstract
The letter exchange between Hoff and Frisch explores the topic of economic regulation and its relationship with freedom of thought. Hoff argues for regulations in the form of general prescriptions for economic practices, while Frisch questions the meaning and implications of these regulations. The document also discusses the importance of freedom of thought, compares the Soviet system to the competitive system, and examines the efficiency of central planning. It presents different perspectives without taking a definitive stance. The text further discusses the inefficiencies and waste in the Soviet economic system, citing reports and statistics that highlight issues such as defective automobiles, unusable chairs and gramophone records, and inferior surgical equipment. The author attributes these inefficiencies to the lack of individual adjustments and free competition in the centrally planned system, rather than free competition itself. The text briefly touches on the topic of liberalism and suggests the potential for a new form of regulation to ensure free competition and prevent monopolies.
- Subjects
BANKING industry; LIBERTY of conscience; BANK accounts
- Publication
Econ Journal Watch, 2024, Vol 21, Issue 1, p225
- ISSN
1933-527X
- Publication type
Article