Economic Systems
Abstract
This short paper was presented in the discussion at the CESES conference about 'the Prices in Eastern Europe' in Florence, Italy, 1966. Its purpose was to formulate briefly but as precisely as possible the differences between Pure Market Economy, Command Economy, Lange-Lerner model of Market Socialism, and the plausible system combining the market with central planning. The different systems were evaluated from the point of view of the information flows necessary for coordination of economic decisions.Download Info
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Paper provided by EconWPA in its series Development and Comp Systems with number 0511002.Length:
Date of creation: 03 Nov 2005
Date of revision:
Handle: RePEc:wpa:wuwpdc:0511002
Note: Type of Document - doc
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Web page: http://128.118.178.162
Related research
Keywords: Market Economy; Command Economy; Market Socialism; Plan and Market; Lange - Lerner;Find related papers by JEL classification:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-12 (All new papers)
- NEP-HPE-2005-11-12 (History & Philosophy of Economics)
- NEP-TRA-2005-11-12 (Transition Economics)
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