The role of the Plan
AbstractThe economic reform of 1960's in Czechoslovakia attempted change to the Socialist Market Economy. That raised the question of compatibility of central planning with the market mechanism. This paper tries to show, that the Soviet-type Command planning is truly incompatible with market. The plans that would be compatible must be flexible, nonobligatory and probabilistic. They must not prescribe specific compulsory targets, but rather recommend ranges of desirable output and other indicators, and they should be frequently adjusted to changing conditions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23078.
Date of creation: 03 Jun 2010
Date of revision:
Find related papers by JEL classification:
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
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