The Power and Poverty of Libertarian Thought/methodology

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As the dust settles on the ruins of the socialist epoch, a second crippling deficiency of libertarian thought is becoming more visible and embarrassing. The economic methodology that the Russians have lately found unworkable still governs the internal affairs of capitalist and socialist countries alike. An economy presumably works best if it is not administered from the top; a factory presumably works best if it is.
Richard Cornuelle, "The Power and Poverty of Libertarian Thought", Cato Policy Report Volume XIV Number 1, pg. 12.