Part 5, Chapter 27, Replacing Capitalism?, p. 328
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Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist!
— Jim Stanford
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist!" in the context of "Part 5, Chapter 27, Replacing Capitalism?, p. 328" to mean that wisdom is timeless.
Source: Wikiquote: "Jim Stanford" (Sourced, Economics For Everyone (2008))
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About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
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