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The Failure of Economic Planning: The Role of the Fel’dman Model and Kalecki’s Critique

In: Michał Kalecki in the 21st Century

Author

Listed:
  • Peter Kriesler
  • G. C. Harcourt

Abstract

In the 1920s, Soviet economists began to develop growth theory with the specific aim of facilitating the planning of their economy. Their work differed from that of most 20th-century economists because it was not aimed at academic economists but, rather, at politicians, bureaucrats and others involved in the machinery of planning. This meant that, although the work was often not as technical as the authors may have liked, it strongly related to the actual economy that they were attempting to model.

Suggested Citation

  • Peter Kriesler & G. C. Harcourt, 2015. "The Failure of Economic Planning: The Role of the Fel’dman Model and Kalecki’s Critique," Palgrave Studies in the History of Economic Thought, in: Jan Toporowski & Łukasz Mamica (ed.), Michał Kalecki in the 21st Century, chapter 1, pages 9-28, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-1-137-42828-8_2
    DOI: 10.1057/9781137428288_2
    as

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