Dan Davies, The Unaccountability Machine: How Systems Make Terrible Decisions and How the World Lost Its Mind Profile Books, £22.00 by Michael Pollak why Hayek was wrong Here is what mainstream economics thinks we know about managing the economy: There was a debate in the 1920s and 1930s and central planning lost. It was proven, by people like Hayek and others, that central planning couldn’t work. Its outcomes would always be inferior to the market, and usually far inferior. Over the next century, with some fits and starts, everyone eventually accepted this… Read More