Central Planning

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.
CENTRAL PLANNING; Copyright; Central Planning; Copyright; Contents; Introduction to the Series; Preface; List of Figures and Tables; 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 information3.3. 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.