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Economic Systems

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Author Info
Oldrich Kyn (Boston University)

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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.

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Publisher Info
Paper provided by EconWPA in its series Development and Comp Systems with number 0511002.

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Date of creation: 03 Nov 2005
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Handle: RePEc:wpa:wuwpdc:0511002

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Web page: http://129.3.20.41

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Related research
Keywords: Market Economy Command Economy Market Socialism Plan and Market Lange - Lerner

Find related papers by JEL classification:
O - Economic Development, Technological Change, and Growth
P - Economic Systems

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This page was last updated on 2008-10-8.

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