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Optimal Central Planning in 'Competitive Solution'


Author Info

  • Oldrich Kyn

    (Boston University)

  • Ludek Rychetnik

    (University of Reading)


This essay originated from the discussions of the role of central plan in an economic system with a functioning market mechanism. Such discussions emerged because of the implementation of the 'New Economic System'in Czechoslovakia. Under the old system, the role of the plan was considered clear and well defined. The introduction of the new system reopened controversies that had been discussed years ago. Can central planning be combined with market mechanism? Should the market be subordinated to the plan or vice versa? What is the relation between conscious activity and spontaneity in the process of economic evolution?

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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0510013.

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Date of creation: 17 Oct 2005
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Handle: RePEc:wpa:wuwpdc:0510013

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Related research

Keywords: Plan and Market; Market economy; Cetral planning; Economic Reform; Czechoslovakia;

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