I'm reading Capitalism, Socialsm, and Democracy and came across a passage i thought was hilarious.
This could almost be posted in the Post-Keynesian thread, but...
He is discussing the 'efficiency' and logical consistency of Marxism and socialism.
the passage is this: Chapter XVI Page 172-173 in the HarperPerannial edition.
"...There is nothing wrong with the pure logic of socialism. And this is so obvious that it would not have occured to me to insist on it were it not for that fact that it has been denied and the still more curious fact that orthodox socialists, until they were taught their business by economists of strongly bourgeois views and sympathies, failed to produce an answer that would meet scientific requirements.
The only authority standing for denial that we need to mention is Professor L. von Mises. Starting from the proposition that rational economic behavior presupposes rational cost calculation, hence prices of cost factors, hence markets which price them, he concluded that in a socialist society, since there would be no such markets, the beacon lights of rational production would be absent so that the system would have to function in a haphazard manner if at all. To this and similar criticisms or perhaps to some doubts of their own, the accredited exponents of socialist orthodoxy had at first not much to oppose except the argument that the socialist management would be able to start from the system of values evolved by its capitalist predecessor-which is no doubt relevant for a discussion of practical difficulites but not at all for the question of principle-or a paean on the miraculous glories of their heaven, in which it would be easy to dispense altogether with capitalist tricks like cost rationality and in which comrades would solve all problems by helping themselves to the bounties pouring forth from social stores. This amounts to accepting the criticism, and some socialists actually seem to do this even today."
Eating Propaganda
What do you mean i don't care how your day was?!