Comments on: The Perils of Centralized Innovation

By: LibertarianMinds

LibertarianMinds — Fri, 26 Nov 2010 05:25:45 +0000

The Perils of Centralized Innovation http://ff.im/-ulWaV

By: Stephan Kinsella

Stephan Kinsella — Fri, 26 Nov 2010 05:03:07 +0000

This is interesting and seems to complement the Austrian argument that the calculation problem places an upper limit on the size of the firm (see, e.g., Peter Klein, "Economic Calculation and the Limits of Organization," in The Capitalist and the Entrepreneur).

By: Geoffrey Allan Plauché

Geoffrey Allan Plauché — Fri, 26 Nov 2010 01:37:46 +0000

So, unsurprisingly, a statist thinks the solution to a problem (centralized innovation, actually caused by government) is more of the same (government centralization of innovation).

By: slim934

slim934 — Fri, 26 Nov 2010 01:16:36 +0000

…….yes and he uses this analysis to come to wildly bad conclusions.

In all the cases mentioned in his book, it has been the government who has always been the party that actually creates the monopoly.

So what does he want to prevent this? have the government artificially setup the market according to this line of reasoning. Essentially, have the government intervene in the market and expect some different outcome other than an artificial (and therefore inefficient and non-organic) market.

By: The Perils of Centralized Innovation — Prometheus Unbound

The Perils of Centralized Innovation — Prometheus Unbound — Thu, 25 Nov 2010 22:35:41 +0000

[...] a shadow of uncertainty over the business model, were simply out of the question.~*~Cross-posted at The Libertarian Standard. Geoffrey is an Aristotelian-Liberal political philosopher and an adjunct instructor for Buena [...]