What Nobel Prize Winning Economist William Nordhaus Said About The Soviet Economy

"The Soviet economy is proof that, contrary to what many skeptics had earlier believed, a socialist command economy can function and even thrive"

William Nordhaus, awarded a "Nobel Prize" in economics today, writing in 1989, of all years, in the textbook he wrote with Samuelson

— Saifedean Ammous (@saifedean) October 8, 2018