Instability with Planning

  • Aleksander Bajt
Part of the International Economic Association Series book series (IEA)

Abstract

Professor Domar ’s and Mr Siegel ’s decision to confine their paper to the United States economy makes my choice of concentrating on the socialist and particularly Yugoslav experience quite natural. In addition to their reasons, I have a very powerful one: I could not start writing my comments until two weeks before the Conference. According to Marshall, only selling from existing stocks is possible in very short periods.

Keywords

Monetary Policy Disposable Income Short Cycle Market Relation Stabilisation Policy 
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References

  1. [1]
    J. Goldmann, ‘Fluctuation and Trend in the Rate of Economic Growth in Some Socialist Countries ’, Economics of Planning, IV (1964) 88–98.Google Scholar
  2. [2]
    A. Bajt, ‘Fluctuations in Growth Rates in Post-War Socialist Economies ’, paper presented to the International Economic Seminar at Balatonf üred, Hungary, 3–5 Sep 1969 (cf. footnote, p. 68).Google Scholar
  3. [3]
    N. Čobeljić and R. Stojanović, Teorija investicionih ciklusa u socialističkoj privredi (Belgrade, 1966).Google Scholar
  4. [4]
    B. Horvat, Privredni ciklusi u Jugoslaviji (Belgrade, 1969).Google Scholar

Copyright information

© International Economic Association 1971

Authors and Affiliations

  • Aleksander Bajt
    • 1
  1. 1.University Of LjubljanaYugoslavia

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