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Robert E. Wright of AIER says planners fail because of the knowledge problem and perverse incentives. Organizations need to decentralize and bring decision making to the lowest level. Firms need to incentivize their employees. Central planning almost always fails.
By David Forsyth5
1313 ratings
Robert E. Wright of AIER says planners fail because of the knowledge problem and perverse incentives. Organizations need to decentralize and bring decision making to the lowest level. Firms need to incentivize their employees. Central planning almost always fails.