
EI Weekly Listen — Capitalism, Socialism and Democracy revisited by Niall Ferguson
The EI Podcast
00:00
A Brief History of Soviet Economic Growth
Samuelson was by no means the only american scholar to make this mistake. Other economists in the 19 sixties and 19 seventies were so over confident about soviet economic growth that evidence of model failure was repeatedly blamed on events outside the model's control, such as bad weather. Curiously, mc connall's text book more or less consistently estimated us. G n p to be double that of the us. S r between its 19 60 and its 19 90 editions. Yet it was lauri tartius whose text book drew the most damaging fire from william f. Buckley for its sympathetic treatment of economic planning. Economists who discerned the miserable realities of the planned economy
Transcript
Play full episode