Abstract
‘Planning; planned: Intended, in accordance with, or achieved by, a careful plan made beforehand’. This is the Chambers Dictionary definition. Of course in this sense we all plan, whenever we think carefully of what we might do in the future. All economic decision-making relates to the future, since all transactions take time, and in the course of time some circumstances might have changed, and so plans are frequently unfulfilled, or have results different from the original intention.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Bibliography
Nove, A. 1983. The economics of feasible socialism. London: Allen & Unwin.
Richardson, G.B. 1960. Information and investment. Oxford: Oxford University Press.
Tinbergen, J. 1975. Does self-management approach the ultimate order? In Self-governing socialism, ed. B. Horvat et al., 226. New York: IASP.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Nove, A. (2018). Planned Economy. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1331
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1331
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences