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The role of the Plan

Kyn, Oldrich (2010): The role of the Plan. Unpublished.

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Abstract

The economic reform of 1960's in Czechoslovakia attempted change to the Socialist Market Economy. That raised the question of compatibility of central planning with the market mechanism. This paper tries to show, that the Soviet-type Command planning is truly incompatible with market. The plans that would be compatible must be flexible, nonobligatory and probabilistic. They must not prescribe specific compulsory targets, but rather recommend ranges of desirable output and other indicators, and they should be frequently adjusted to changing conditions.

Item Type:MPRA Paper
Language:English
Keywords:Planning; Czechoslovakia
Subjects:P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P21 - Planning, Coordination, and Reform
ID Code:23078
Deposited By:Oldrich Kyn
Deposited On:06. Jun 2010 04:42
Last Modified:08. Jun 2010 15:16
References:

Kyn Oldrich:O Uloze Planu, Planovane hospdartstvi, 1964, #12

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