… is from page 186 of the 2016 Mercatus Center re-issue of my late colleague Don Lavoie’s excellent 1985 volume National Economic Planning: What Is Left?:
Rejuvenating the American economy cannot be accomplished without relying on the knowledge supplied by competition as to which specific lines of production to discard and which to pursue.


Rejuvenating the American economy cannot be accomplished without relying on the knowledge supplied by competition as to which specific lines of production to discard and which to pursue.
