The Rise and Fall of National Allocative Planning in Australia
In 1979 the Australian Labor Party's supreme policy making body, Federal Conference, proposed that a future Labor government embark on an extensive program of economic planning. In addition to continuing Keynesian monetary and fiscal policy, the Conference argued in favour of the introduction of a more comprehensive form of stability planning, or incomes policy; partial allocative, or industry, planning; and a national allocative plan. Since coming to power in 1983, the Federal Government has introduced an incomes policy as well as a number of industry plans. However, it has rejected national allocative planning. In this article we discuss the differences between these forms of economic planning and analyse the reasons which might explain the Government's rejection of national allocative planning. Copyright 1987 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.
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Volume (Year): 20 (1987)
Issue (Month): 2 ()
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