Problems of the Planned Economy
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on problems
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PALGRAVE
PROBLEMS OF THE PLANNED ECONOMY
THE NEW
PALGRAVE
PROBLEMS OF THE PLANNED ECONOMY EDITED BY
JOHN EATWELL . MURRAYMILGATE . PETER NEWMAN
M
MACMILLAN REFERENCE BOOKS
© The Macmillan Press Limited, 1987, 1990 Softcover reprint of the hardcover 1st edition 1990
All rights reserved. No part of this publication may be reproduced or transmitted, in any form or by any means, without permission. First published in
The New Pa/grave: A Dictionary 0/Economics
Edited by John Eatwell, Murray Milgate and Peter Newman in four volumes, 1987 Published in the United Kingdom by THE MACMILLAN PRESS LIMITED, 1990 London and Basingstoke Associated companies in Auckland, Delhi, Dublin, Gaborone, Hamburg, Harare, Hong Kong, Johannesburg, Kuala Lumpur, Lagos, Manzini, Maseru, Melbourne, Mexico City, Nairobi, New York, Singapore, Tokyo. The New Palgrave is a trademark of The Macmillan Press Limited British Library Cataloguing in Publication Data The New Palgrave: problems of the planned economy. 1. Planned economics I. Eatwell, John II. Milgate, Murray III. Newman, Peter 330. 12'4 ISBN 978-0-333-49549-0 ISBN 978-1-349-20863-0 (eBook) DOI 10.1007/978-1-349-20863-0
Sept 90
Contents
General Preface Preface Perestroika Socialist planning China's Economic Reforms Nikolai Ivanovich Bukharin Central planning Colbertism Collective agriculture Command economy Control and coordination of economic activity Convergence hypothesis Corporatism Cycles in socialist economies East- West economic relations Economic calculation in socialist economies Fascism Grigorii Alexandrovic Fel'dman Investment planning Leonid Vitalievich Kantorovich Labour-managed economies Oskar Lange Lange- Lerner mechanism Vladimir I1yich Lenin Abba Ptachya Lerner Mao Zedong
VII
XI
A. Aganbegyan Michael Ellman Peter Nolan Donald 1. Harris Tadeusz Kowalik D.C. Coleman Peter Nolan Gregory Grossman Bela Martos P.J.D. Wiles Joseph Halevi D.M. Nuti Marie Lavigne Michael Ellman Wolfgang-Dieter Classen Michael Ellman Joseph Halevi V. Makarov B. Horvat Tadeusz Kowalik Tadeusz Kowalik Meghnad Desai Tibor Scitovsky Peter Nolan
1
13
22 38 42 51 54 58 63 73
77
80 85 91 104 109 113 119 121 133 147 151 155 160 v
Contents
Market socialism Material balances Vasily Sergeevich Nemchinov Viktor Valentinovich Novozhilov Planned economy Planning Evgenii Alexeyevich Preobrazhensky Prices and quantities Socialism Josif Vissarionovich Stalin Stanislav Gustavovich Strumilin Lev Davidovich Trotsky Nikolai Alekseevich Voznesensky Contributors
vi
w. Brus Gregory Grossman M.e. Kaser Holland Hunter and Robert W. Campbell Alec Nove Rajiv Vohra Michael Ellman A. Brody Alec Nove Michael Ellman M.e. Kaser Richard B. Day M.e. Kaser
164 178 181 183 186 198 214 218 227
250 254 257 262 265
General Preface
The books in this series are the offspring of The New Palgrave: A Dictionary of Economics. Published in late 1987, the Dictionary has rapidly become a standard reference work in economics. However, its four heavy tomes containing over four million words on the whole range of eco
