Comments: ECONOMICS

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Posted by Butterfly Wife at June 24, 2007 01:06 PM

An interesting example of "omniscience" thinking in Amity Schlaes' new book, "The Forgotten Man," which is about the Great Depression. She quotes Stuart Chase, an American intellectual who visited the Soviet Union in 1927:

"Sixteen men in Moscow today are attempting one of the most audacious economic experiments in history...they are laying down the industrial future of 146 million people and of one-sixth of the land area of the world for fifteen years....These sixteen men salt down the whole economic life of 146 million people for a year in advance a calmly as a Glouscester man salts down his fish."

Chase clearly thought that this was an excellent way to do things.

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