An Economic History of Twentieth-Century Europe


Book Description

A major history of economic regimes and economic performance throughout the twentieth century. Ivan T. Berend looks at the historic development of the twentieth-century European economy, examining both its failures and its successes in responding to the challenges of this crisis-ridden and troubled but highly successful age. The book surveys the European economy's chronological development, the main factors of economic growth, and the various economic regimes that were invented and introduced in Europe during the twentieth century. Professor Berend shows how the vast disparity between the European regions that had characterized earlier periods gradually began to disappear during the course of the twentieth century as more and more countries reached a more or less similar level of economic development. This accessible book will be required reading for students in European economic history, economics, and modern European history.




Problems of the Planned Economy


Book Description

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 encountered in a planned economy.




The People's Republic of Walmart


Book Description

Are multi-national corporations like Walmart and Amazon laying the groundwork for international socialism? For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People’s Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.




Models of Disequilibrium and Shortage in Centrally Planned Economies


Book Description

The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.




Economic Transition in Vietnam


Book Description

"The authors show how development of non-plan trading relations was based on supplies of scarce, aid-subsidised goods which provided the means for local authorities, enterprises and individuals to convert their positions of political and social power into capital. They further highlight the ways in which new, market-oriented trade relations emerged in symbiosis with the planning system and continue to influence the economic structure and institutions today. Economic Transition in Vietnam outlines the many problems currently facing Vietnam, not least how new global forms of integration are affecting future development."--BOOK JACKET.




Controlling Credit


Book Description

Monnet analyzes monetary and central bank policy during the mid-twentieth century through close examination of the Banque de France.




The Labour Party and the Planned Economy, 1931-1951


Book Description

An exploration of Labour's 1931 pledge to create a planned socialist economy and the reasons for its failure to do so. In the general election of 1931, the Labour Party campaigned on the slogan "Plan or Perish". The party's pledge to create a planned socialist economy was a novelty, and marked the rejection of the gradualist, evolutionary socialism to which Labour had adhered under the leadership of Ramsay MacDonald. Although heavily defeated in that election, Labour stuck to its commitment. The Attlee government came to power in 1945 determined to plan comprehensively. Yet, the aspiration to create a fully planned economy was not met. This book explores the origins and evolution of the promise, in order to explain why it was not fulfilled. RICHARD TOYE lectures in history at Homerton College, Cambridge.




Towards a Theory of Planned Economy


Book Description

This title was first published in 1964: The purpose of the present study is to examine the issues involved in designing an efficient economic system in given historical circumstances.The author draws heavily on the experiences provided by the failures and successes of the postwar Yugoslav economy. The book is one of the first major studies, in English, of the theory of an economy of the Yugoslav type.




Democracy and Economic Planning


Book Description

Devine begins with an analysis of the theory and practice of capitalist planning, central planning and 'market socialism'. He argues that, while market socialism is currently favoured by many economists who reject both capitalism and the command planning of the Soviet model, it cannot fulfil the promises held out for it. In the remainder of the bo




Planned Economy


Book Description

What is Planned Economy A planned economy is a form of economic system in which the distribution of goods and services, as well as the investment, production, and allocation of capital assets, are carried out in accordance with economic plans that are either applicable to the entire economy or are restricted to a specific category of products and services. Different types of economic planning, such as centralized, decentralized, participative, or Soviet-style planning, may be utilized in a planned economy. Depending on the particular kind of planning mechanism that is utilized, the degree of centralization or decentralization that is present in decision-making and involvement should be determined. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Planned economy Chapter 2: Economic calculation problem Chapter 3: Socialism Chapter 4: Mixed economy Chapter 5: Participatory economics Chapter 6: Economic system Chapter 7: Robin Hahnel Chapter 8: Lange model Chapter 9: Pat Devine Chapter 10: Economic planning Chapter 11: Production for use Chapter 12: Facilitation board Chapter 13: Authoritarian socialism Chapter 14: Democratic socialism Chapter 15: State socialism Chapter 16: Social ownership Chapter 17: Soviet-type economic planning Chapter 18: Market socialism Chapter 19: Socialist economics Chapter 20: Socialist calculation debate Chapter 21: Towards a New Socialism (II) Answering the public top questions about planned economy. (III) Real world examples for the usage of planned economy in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of planned economy. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of planned economy.