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¿Planificación en el capitalismo avanzado? (lo que se puede y lo que no se puede)

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  • Baran, Paul

Abstract

The essay examines the possibilities of economic policy and planning to achieve full employment of the labor force. It addresses the tools that can be used for this objective (fiscal policy in particular), its potential, and weaknesses concerning the goals of full employment, avoiding inflationary processes. It points out that precise planning is practically impossible, both because of the little knowledge of the behavior of decisive variables (such as investment), as well as, essentially, the detrimental consequences for the ruling class that full employment would have on the bargaining power of the working class. The only modality that could allow access to full employment without inflationary pressures would lie in the implementation of a Nazi-type regime.

Suggested Citation

  • Baran, Paul, 2022. "¿Planificación en el capitalismo avanzado? (lo que se puede y lo que no se puede)," El Trimestre Económico, Fondo de Cultura Económica, vol. 89(354), pages 685-711, abril-jun.
    • Handle: RePEc:elt:journl:v:89:y:2022:i:354:p:685-711
    DOI: https://doi.org/10.20430/ete.v89i354.1502
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    File URL: https://www.eltrimestreeconomico.com.mx/index.php/te/article/view/1502
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    More about this item

    Keywords

    Full employment; inflation; fiscal policy; planning; consumption; investment; aggregate demand; capitalist class; fascism.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H1 - Public Economics - - Structure and Scope of Government
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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