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Communist Planning versus Rationality

Mathematical Economics and the Central Plan in Eastern Europe and China

«

To what extent did theories of optimality and techniques for optimization improve economic allocation under Communist rule? The basic ideas turned out to have little practical application–under Communism, at least. Yet, at the time, the idea of an optimally planned Socialist economy attracted huge attention and intellectual efforts from East Germany and other Central and Eastern European countries to Russia and China. What was it all about? This excellent collection provides many fascinating insights from a nearly forgotten chapter in the economic thought and history of eight Communist countries. There are important lessons for public policy everywhere.

»

Mark Harrison, professor emeritus, University of Warwick
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Detaljer

Forlag
Lexington Books
Innbinding
Innbundet
Språk
Engelsk
ISBN
9781793631770
Utgivelsesår
2022
Format
23 x 16 cm

Anmeldelser

«

To what extent did theories of optimality and techniques for optimization improve economic allocation under Communist rule? The basic ideas turned out to have little practical application–under Communism, at least. Yet, at the time, the idea of an optimally planned Socialist economy attracted huge attention and intellectual efforts from East Germany and other Central and Eastern European countries to Russia and China. What was it all about? This excellent collection provides many fascinating insights from a nearly forgotten chapter in the economic thought and history of eight Communist countries. There are important lessons for public policy everywhere.

»

Mark Harrison, professor emeritus, University of Warwick

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