Planning without Prices

  • G. M. Heal


Discussions of decentralized planning procedures are not new in the economic literature: they date back to Lange [6], who seems to have found inspiration in the even earlier writings of Walras [13]. However, it is during the last decade that a number of the most important contributions have been made, by Arrow, Hurwicz and Uzawa [2], Arrow and Hurwicz [1] and Malinvaud [8]. Excellent though this work is, it leaves room for extension of the subject in a number of ways


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Copyright information

© Economic Study Society 1973

Authors and Affiliations

  • G. M. Heal
    • 1
  1. 1.Christ’s CollegeCambridgeUK

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