Examines the nature and the mode of operation of the centrally planned economy, assessing its strengths and the weaknesses that eventually led to its demise.
Examines the nature and the mode of operation of the centrally planned economy, assessing its strengths and the weaknesses that eventually led to its demise.
1. Introduction 1.1. Development of the idea of planning 1.2 Emergence of central planning in the Soviet Union 1.3 The 1930s debate on the feasibility of planning: critical review 2. Planning as a Resource Allocation Mechanism 2.1 Definition of planning: a descriptive approach 2.2 Definition of planning: analytic approach 2.3 Decentralisation 3. Information and Incentives 3.1 Horizontal and vertical information flows 3.2 Aggregation of information 3.3 Incentives and bonuses 3.4 Game-theoretic approaches to planning 4. Organisational Structure of a Planned Economy 4.1 Alternative organisational forms 4.2 Branch and regional structures 4.3 Organisational structure and economic change 5. Planning and the Macroeconomy 5.1 Central planning and shortage 5.2 Internal and external balance 5.3 Innovation, investment and growth Bibliography Index
1. Introduction 1.1. Development of the idea of planning 1.2 Emergence of central planning in the Soviet Union 1.3 The 1930s debate on the feasibility of planning: critical review 2. Planning as a Resource Allocation Mechanism 2.1 Definition of planning: a descriptive approach 2.2 Definition of planning: analytic approach 2.3 Decentralisation 3. Information and Incentives 3.1 Horizontal and vertical information flows 3.2 Aggregation of information 3.3 Incentives and bonuses 3.4 Game-theoretic approaches to planning 4. Organisational Structure of a Planned Economy 4.1 Alternative organisational forms 4.2 Branch and regional structures 4.3 Organisational structure and economic change 5. Planning and the Macroeconomy 5.1 Central planning and shortage 5.2 Internal and external balance 5.3 Innovation, investment and growth Bibliography Index
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