Wednesday, January 02, 2008

Best Line I Have Read Today

说得不好听,经济发展是要有很多枯骨的——不容许枯骨,何来一将?

That's professor Steven Cheung talking, more here.

Actually, when you think of it, the professor's statment is very Hayekian. You let more players with diverse knowledge to participate in the exchange process, a larger knowledge base will get utilized as a result and the more likely that some successful product, production process or organization form will emerge from the the competitive process.

1 comment:

said...

Sounds like Schumpeter's "creative destruction"?