A. Hayek and his fellow Austrian economist Ludwig von Mises successfully demonstrated the infeasibility of socialism by noting the vital role that prices and profits play as information and incentive signals for entrepreneurial calculation.

FORBES: The Question I Ponder: Who Plans (And Spends) For Whom?

It was, nonetheless, a reflection of the perceived infeasibility of a ban on chemical weapons and the real risks that would accrue to the United States were it to enter into an unverifiable one that prompted the 1987 interagency consensus in favor of a change of U.S. CW arms control policy.

CENTERFORSECURITYPOLICY: Center for Security Policy | Submitted Testimony Of Frank J. Gaffney, Jr. Before A Joint Hearing Of The Senate Governmental Affairs Committee And The Permanent Subcommittee On Investigations