The Market for Consumption Goods in Centrally Planned Economies PDF Download
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Author: Richard Portes
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Author: Richard Portes
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Book Description
Author: C.M. Davis
Publisher: Springer Science & Business Media
ISBN: 9400908237
Category : Business & Economics
Languages : en
Pages : 504
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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.
Author: Leigh Phillips
Publisher: Verso Books
ISBN: 178663516X
Category : Political Science
Languages : en
Pages : 257
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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.
Author: Joop de Kort
Publisher: Purdue University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
The coordination of decision making has always been an important topic for politicians, business people, and scientists alike. The experiment in the Soviet Union and Eastern Europe to build a centrally planned economy provides an excellent example to study the possibilities and limitations of planned coordination. In this study, the author focuses on the interaction between several actors in a centrally planned economy, stressing the dominant position of the planner. An historical essay on the organization of production in the Soviet Union is combined with several theoretical insights. This forms the basis for the argument that the planner's reluctance to take the preferences and the strategies of others in society are essential explaining why the socialist experiment failed.
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 297
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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.
Author: P. T. Wanless
Publisher: Taylor & Francis
ISBN: 9780709936398
Category : Central planning
Languages : en
Pages : 141
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Book Description
Author: Stephen Yeo
Publisher:
ISBN:
Category :
Languages : en
Pages :
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This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy (CPE).The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets are complete.The work reported here is based on previous papers of Portes and Winter and Charernza and Quandt.Portes-Winter applied to eachof four CPEs a discrete-switching disequilibrium model with a household demand equation for consumption goods, a planners'supply equation, and a "min" condition stating that the observed quantity transacted is the lesser of the quantities demanded and supplied.Charemza-Quandt considered how an equation for the adjustment of planned quantitites could be integrated into a CPE model with fixed prices and without the usual price adjustment equation.They made plan formation endogenous and permitted the resulting plan variables to enter the equations determining demand and supply.This paper implements the Charemza-Quandt proposal in the Portes-Winter context.It uses a unique new data set of time series for plans for the major macroeconomic variables in Poland and other CPEs.The overall framework is applicable to any large organisation which plans economic variables
Author: Richard Portes
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 44
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Book Description
This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy (CPE).The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets are complete.The work reported here is based on previous papers of Portes and Winter and Charernza and Quandt.Portes-Winter applied to eachof four CPEs a discrete-switching disequilibrium model with a household demand equation for consumption goods, a planners'supply equation, and a "min" condition stating that the observed quantity transacted is the lesser of the quantities demanded and supplied.Charemza-Quandt considered how an equation for the adjustment of planned quantitites could be integrated into a CPE model with fixed prices and without the usual price adjustment equation.They made plan formation endogenous and permitted the resulting plan variables to enter the equations determining demand and supply.This paper implements the Charemza-Quandt proposal in the Portes-Winter context.It uses a unique new data set of time series for plans for the major macroeconomic variables in Poland and other CPEs.The overall framework is applicable to any large organisation which plans economic variables.
Author: Kent Osband
Publisher: International Monetary Fund
ISBN: 1451845618
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
It is not unusual for reforming socialist economies to relax wage controls without hardening budget constraints on enterprises or freeing consumer goods prices. This policy can be dangerously destabilizing. While higher wages permit workers to purchase more of some goods, they also tend to exacerbate shortages and to breed waste and corruption. Beyond a certain level, economy-wide wage hikes will worsen worker welfare. This is true regardless of whether deficit goods are strictly rationed, are sold randomly at official prices to queuing workers, or are offered to workers by “insiders” only at black market prices. However, the form of allocation does influence output and worker welfare.
Author: Erik S. Reinert
Publisher: Edward Elgar Publishing
ISBN: 1782544682
Category : Business & Economics
Languages : en
Pages : 849
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Book Description
The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.
